salesforce.com, inc. (NYSE:CRM) shares surged around 10% on Friday morning, trading around $147.15 a share.
The increased in shares comes after the San Francisco-based firm (NYSE:CRM), with offices in San Mateo, announced Q1 revenue of $695 million, a rose of 38% on a year-over-year basis.
It posted a net loss for the Q1 of $19.5 million, or 14 cents a share.
Analysts were anticipating, on average, earnings of 34 cents a share on revenue of $678.21 million.
The firm offers enterprise cloud computing applications.
Sector analysis, over all tech sector moved down, Oracle Corporation (NASDAQ:ORCL) declined -2.44%, Intuit Inc. (NASDAQ:INTU) rose +0.18%, CA, Inc. (NASDAQ:CA) moved down -1.69%, Nuance Communications Inc. (NASDAQ:NUAN) fell -4.22%, BMC Software, Inc. (NASDAQ:BMC) which also decreased -1.70% and Cadence Design Systems, Inc. (NASDAQ:CDNS) slipped -1.98%.
salesforce.com, inc. (NYSE:CRM) after opening at $143.43 hit high price of $164.75 and then closed at $145.58 by surging 8.80% and on last session volume of 9.04 million shares was surprisingly higher than its average volume of 2.60 million shares.
The stock price volatility was 3.58% for a week and 3.82% for a month as well as price volatility’s Average True Range for 14 days was 6.38 and its beta remained 1.48.
The liquidity measure in recent quarter results of the company was recorded 0.72 as current ratio and on the other side the debt to equity ratio was 0.31 and long-term debt to equity ratio remained at flat. The Company had total cash at hand $710.39 million and a book value per share as $11.58 in the most recent quarter.
CRM generated revenue of 2.27 billion in the following twelve months and earned -$11.57 million. The Company showed a negative -0.51% in the net profit margin and as well as in its operating margin which remained -1.55%. Company’s annual sales growth for the past five year was 35.45%.
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