The Week, the Cloud Won

Salesforce.com, which rents business software through a cloud-computing based system, said its fourth-quarter revenue was up 38 percent. Salesforce also raised its revenue projections for 2012, to a rise of 30 percent year on year. If these reports hold up elsewhere, it would seem that businesses are moving to cloud computing faster than almost anyone would have thought a year ago. Salesforce and others are rushing to offer more applications to businesses via the cloud, and old-line software giants like SAP and Oracle are spending billions to buy and build their way into the cloud.

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