Salesforce Jumps on Earnings Beat, Raises Revenue Guidance

Shares of Salesforce (CRM) may trade higher in Thursday's trading session, after the cloud computing company reported its latest quarterly financial results late Wednesday. The company earned $0.16 per share with sales of $1.51 billion for the quarter. Both figures topped analysts' consensus estimates and showed an improvement compared to the same quarter a year ago. The company also raised its full-year revenue guidance. Salesforce has been a hot name following recent reports that it has interested buyers including Microsoft (MSFT) and Oracle (ORCL). The stock ended the regular session in the red, but the stock is getting a lift in after-hours trading following the earnings release. TheStreet's Kurumi Fukushima reports in New York.