Salesforce.com profits plunge, commits to investment surge
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Builds own sales army Marc Benioff delivered a spirited defense of Salesforce.com's growth and spending plans today, after announcing income plunged on surging sales.â¦
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One-time expenses and higher taxes eroded overall sales growth and improved earnings in core auto operations at the company.
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Shares risk with partners Analysis Two companies are driving coverage of on demand business applications this year. Unfortunately for Salesforce.com, it isn't one of them.â¦
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The investment bank said 3rd-quarter profit fell to $1.54 billion, hurt by a global credit crisis that cut into stock trading, corporate lending, and results from investments.
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Investors saw a major surge in oil prices and disappointing earnings from Morgan Stanley as a chance to collect profits Wednesday, sending stocks substantially lower.
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AO Smith (NYSE: AOS), North America&#39;s largest manufacturer of electric motors, shocked investors this morning by drastically reducing third-quarter earnings guidance to breakeven
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The investment bank reported 3rd-quarter profit fell 3% to $887 million, on fallout from the subprime-mortgage crisis.
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The brokerage unit's IPO tumbles below its opening price.
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Fidelity Investments, the world's biggest mutual fund firm, said on Friday its net income fell 11.3 percent to $1.18 billion in 2006 as performance of its funds slipped and its costs rose.
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The golf apparel maker reports deepening losses and plunging sales.
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Profit plunged 94 percent at EADS after its main unit, the aircraft maker Airbus, reported its worst year ever.
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The company's sales fall, pulling down its stock price.
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BusinessWeek Online - Salesforce.com  has the growth story down pat, but keeping up the pace can get tricky as competitors toughen your game. Investors sold Salesforce stock on Feb. 22 - even after news that the on-demand software services company won a whopping 90,000 net new subscribers during the three months ended Jan. 31.
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Latest figures from Salesforce.com show strong revenue growth, as the company drops hints about its biggest-ever customer.
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The company has signalled profits of between Â£285 million and Â£295 million, down on Â£311 million a year ago, following a poor run of sales.
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Failing to impress Oracle Salesforce.com systems are calling in sick this Monday. The company's service status page has been winking red X's as the software-as-a-service poster child struggles to wrangle its machinery.â¦
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A move to curb sales fees at one of the largest fund providers may be good news for investors, but load funds still scream buyer beware.