Salesforce Stock Soars 14% on Strong Profit Guidance

Salesforce's stock price jumped about 14% to $248.765 after the company delivered better-than-expected profit guidance, which surpassed its revenue growth.

The enterprise-software and customer-management giant raised its adjusted earnings forecast from $14.06, $14.12 to $16.67, $16.71 per share, a 18.5% increase in the midpoint.

This move was not entirely organic-growth driven, as investment gains and a lower share count contributed to the profit increase.