Why Salesforce Stock Soared 26% to a New All-Time High Today
Shares of salesforce.com (NYSE: CRM) rocketed 26% to a record high of $272.32 on Wednesday, following the release of the cloud computing leader's outstanding fiscal 2021 second-quarter results.
Despite the challenges presented by COVID-19, Salesforce's revenue climbed 29% year over year to $5.15 billion. The cloud software giant enjoyed broad-based growth across all of its business segments. Revenue in its sales, service, marketing/commerce, and platform divisions rose 13%, 20%, 21%, and 66%, respectively.
Salesforce's stock surged on Wednesday. Image source: Getty Images.
Source Fool.com
