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Salesforce.com's quarterly results disappoint Wall Street

Salesforce.com Inc's quarterly earnings and outlook disappointed investors as costs rise following a spree of acquisitions, sending its shares lower.Under Marc Benioff, Salesforce's CEO and founder, the company's fast revenue growth has made it a favorite with investors eager to own part of the growing trend among businesses to outsource their information technology needs - from servers to software, a phenomenon known as cloud computing.But Salesforce has struggled to earn consistent profits. Its stock has underperformed the S&P 500 year to date but it still trades at 85 times expected earnings, compared to an average of 17 for its peers.During the quarter ending in April, Salesforce's subscription and support costs rose faster than its revenue, pushing its bottom line further into the red.Moving beyond "organic" expansion of the company, Salesforce.com made a series of major acquisitions last year that included a $745 million deal for Buddy Media, a social media marketing software com...

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  1. Nokia Siemens, Intel Sign Deal to Develop Ecosystem

    Network equipment vendor Nokia Siemens networks (NOK, SI) said Thursday it has signed a memorandum of understanding with Intel Corp. (INTC) to develop the mobile bro...

  2. Pearson Shakes Up Management Amid Restructure

    Education publisher Pearson PLC (PSON.LN) said Thursday it will restructure its top management to focus on core educational categories and geographies as part of new...

  3. Spain's CaixaBank Mulls Sale of Part of Inbursa Stake

    Spanish lender CaixaBank SA (CABK.MC) said Thursday it is considering the sale of about half of its current 20% stake in Mexico's Grupo Financiero Inbursa SAB de CV ...

  4. Twitter Implements Extra Security Layer

    Reacting to a string of recent high-profile cyber heists, Twitter took a page from Google's (NASDAQ:GOOG) playbook on Wednesday and announced two-step password verif...

  5. Yahoo Tumbling Back into the Limelight

    In the 10 months since Marissa Mayer took the reins at Yahoo Inc. (NASDAQ:YHOO), many have speculated about how the former Google executive would return the '90's do...

  6. 6 Big-Shot Recruiting Tips for Small Biz

    Don’t let company size take you out of the competition for new grads.

  7. Gold and Silver Turn Lower After FOMC Minutes

    On Wednesday, gold ( NYSEARCA:GLD ) futures for June delivery, the most active contract, dipped $10.20 to close at $1,367.40 per ounce, while silver ( NYSEARCA:SLV )...

  8. Cyber Heists Expose Flawed Password System

    With high-profile cyber attacks on the rise, a spotlight shining on passwords has revealed a faulty system rampant with potential loopholes and a traditional passwor...

  9. Fiat Industrial Denies UK Tax Residency to Hurt Italy

    Fiat Industrial SpA (FI.MI) Wednesday denied news reports that its plans to seek fiscal residency in the U.K. were aimed at reducing in a significant way the amount ...

  10. Lloyds Banking to Sell 15% St James's Place Stake to Improve Capital

    Lloyds Banking Group PLC (LLOY.LN) said Wednesday that it plans to sell a 15% stake in the wealth management company St James's Place PLC (STJ.LN) to raise about 40 ...

  11. Pandora Rises Following New Facebook Sharing Ties

    Pandora Media Inc. shares rose 2.4%, to $16.59 Wednesday, shortly after the online radio company launched an update that allows listeners to automatically share what...

  12. How Social Media is Changing the Way We Buy and Sell Homes

    Home buyers, sellers and real estate agents have new tools in the arsenal: social media.While nothing beats an actual walk-through of a home, buyers are able to bett...

  1. Report: Google Faces Antitrust Probe

    U.S. regulators are in the early stages of an antitrust probe into whether Google Inc, the top player in web display advertising, breaks antitrust law in how it hand...

  2. Gold and Silver Climb Higher, Stocks Remind Investors That Down Days Are Still Possible

    On Thursday, gold ( NYSEARCA:GLD ) futures for June delivery, the most active contract, jumped $24.40 to close at $1,391.80 per ounce, while silver ( NYSEARCA:SLV ) ...

  3. Google Copies Amazon's Playbook

    Google Inc. (GOOG) co-founders Larry Page and Sergey Brin say they don't pay much attention to rivals. But the search company increasingly appears to be following Am...

  4. Novo Nordisk: Liraglutide Leads to Weight Loss in Study

    Danish pharmaceutical company Novo Nordisk A/S (NOVO-B.KO) Thursday said treatment with its drug liraglutide led to an average 8% weight loss in patients in a 56-wee...

  5. HSBC Appoints Simon Robertson as Remuneration Committee Chairman

    Bank HSBC Holdings PLC (HSBA.LN) said Thursday that its deputy chairman Simon Robertson has been appointed chairman of the Remuneration Committee to succeed John Tho...

  6. TECH STOCKS: H-P A Big Gainer As Other Techs Trim Losses

    Hewlett-Packard Co. shares flexed their muscles, and some other tech stocks advanced as the sector tried to pull itself out from big, early losses spurred by negativ...

  7. A New Way to Protect Your Business From Hackers

    Twitter releases two-step authentication, which could help protect your company’s Twitter account from getting into the hands of hackers.

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