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Salesforce.com continues rise

Claims fastest expansion

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CRM provider Salesforce.com announced a 55 per cent sales boost today, bagging revenues of $162.4m for its record Q1 2008.

Salesforce beat its own predictions, and reiterated the full-year outlook for profit of $0.07 to $0.09 per share.

The software as a service outfit raised its full year revenue projections from between $710m and $720m to between $722m and $728m on the back of the numbers.

CEO Marc Benioff said: "We believe that this makes salesforce.com the fastest growing software company of our size today."

The firm's stated goal is to hit the $1bn revenue league.

Shares in the firm rose almost three per cent, according to reports. ®

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