Salesforce Benefits From Lockdown

Salesforce is not a company we follow very closely but I couldn't help but notice when the share price surged over 26% on one day, thanks to a strong set of results. The enterprise-software company reported record sales numbers and raised its guidance for the year, showing that demand for cloud-computing services is booming due to the shift towards digital processes.

The San Francisco-based company said sales grew by 29% to $5.15 billion, crushing all analysts' expectations. Salesforce has been a big enabler of the working from home trend. Cloud infrastructure businesses have seen a nice increase in their share prices this year.

The other big news for the company was that it is going to be added to the Dow Jones Industrial Average. ​