- Joseph K
As Salesforce Blows By SAP and Oracle, Cloud Wars Top 10 Market Cap Hits $5.66 Trillion
Earlier this week on the morning after Salesforce posted its stunning Q2 results, I wrote that in spite of the 12% after-hours surge in Salesforce’s share price, SAP was still the market cap king over Salesforce and Oracle. But in the full day of trading following Salesforce’s release of its superb quarterly results—revenue up 29% to $5.15 billion—the global marketplace rewarded Marc Benioff & co. by rocketing the price of Salesforce shares upward by 25% and giving it a market cap of almost $250 billion.