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Salesforce Boosts Revenue View

The company sees strong momentum for its AppExchange system.

Shares of

Salesforce.com

(CRM)

rose 3.5% Tuesday after the business software company boosted its fiscal 2008 revenue forecast.

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For the year ending in January 2008, Salesforce now sees revenue of $710 million to $720 million, up from an earlier forecast of $700 million to $710 million. Analysts polled by Thomson First Call project revenue of $710.9 million.

"The continued momentum of our AppExchange ecosystem is creating expanded business opportunities for salesforce.com," the company said.

Separately, Salesforce said it will create a revenue-sharing system through its AppStore Web site, which allows customers to buy software applications from several vendors.

Shares of Salesforce recently were trading up $1.35 to $39.90.