NEW YORK (TheStreet) -- Salesforce (CRM) - Get Salesforce Inc. Report is up 9.7% in pre-market trading Friday after upping its full year 2011 guidance. The cloud computing company raised revenue forecasts to a range of $1.647 billion to $1.649 billion and adjusted profit to $1.18 to $1.19.
For the third quarter, Salesforce's adjusted profit rose 14% year-over-year to 32 cents a share, while revenue jumped 30% to $429 million.
Analysts had expected a profit of 31 cents a share on revenue of $410.4 million.
is up 2.3% in pre-market trading after beating profit forecasts. Adjusted profit of 45 cents a share was above analyst estimates of 32 cents a share. Revenue increased 19% to $15.4 billion, but fell just short of analyst expectations.
Call of Duty: Black Ops
topped $650 million in its first five days of release, breaking movie, book and video game sales records. The game shattered a record previously held by
Call of Duty: Modern Warfare
, which generated $550 million in its first five days of sales.
is reportedly in talks to buy
, according to a report from
All Things Digital
The popular daily deal site was also rumored to be in discussions with Yahoo! (YHOO)
announced a new partnership Thursday, which allows users to import data from their Facebook profile into MySpace. MySpace is trying to transition its business away from social networking and towards music and entertainment.
--Written by Olivia Oran in New York.
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