Salesforce.com’s quarterly results disappoint Wall Street

Salesforce.com’s quarterly earnings and outlook disappointed investors as costs rise following a spree of acquisitions, sending its shares lower.

Under Marc Benioff, Salesforce’s chief executive and founder, the company’s fast revenue growth has made it a favourite 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.

via Business feed http://www.scmp.com/business/companies/article/1244970/salesforcecoms-quarterly-results-disappoint-wall-street