Posts Tagged ‘Revenue Range’

(Adds details, analyst and executive comments; updates share price in after- hours trading.) By John Kell and Jessica Hodgson Of DOW JONES NEWSWIRES SAN FRANCISCO -(Dow Jones)- Salesforce.com Inc.'s (CRM) fiscal fourth-quarter net income nearly doubled as the online business applications company beat sales and earnings estimates, putting to rest some recent fears about the company's growth. Following the results, shares surged 10% to $31 in after-hours trading as investors expressed relief that the company's revenue growth hadn't significantly declined. The stock later fell back to $29.70. In spite of the stronger-than-expected fourth-quarter performance, Salesforce.com did lower its fiscal 2010 revenue forecast range, a move it said reflected greater economic uncertainty. Full story