SalesForce Continues to Shine

SalesForce.com (CRM) set an all time high on Friday after announcing third quarter earnings.

CRM
(click to expand)

The sales force automation company’s stock is up 83% year-to-date compared to a 7% gain for the broader market.

Even with a PE ratio of 200, SalesForce continues to exceed all expectations, growing revenue 30% and customer count by 27% in the latest quarter.  And with a market cap of $15 billion, the company is still small relative to software giants like Microsoft and Oracle.

The exchange traded fund with the largest concentration in SalesForce is the S&P North American Technology-Software Index Fund (IGV) with 6.5% of the portfolio.  IGV tracks the S&P North American Technology-Software Sector Index which includes companies that are producers of client/server, enterprise software, Internet software, PC and entertainment software.  The ETF’s expense ratio is 0.48%.

For other ETF investing options, see the list of sector ETFs.