Yesterday after the bell Salesforce.com (NYSE:CRM) reported earnings that were significantly better than expected. As a result the stock rocketed 13.42% now trading at $49.60 up from yesterdays close of $43.65. The company saw a 31% increase in revenue from last year. Saleforce.com reported net income of $0.13 per share up from a loss of $0.02 per share last year. With the good news, is it a good time to invest in Salesforce.com. Lets look at what the company does: Salesforce.com is a cloud based system to run your businesses sales, marketing, finances, and much more. There is no need for any software or storage, everything is saved on the cloud. Cloud computing has taken off recently, it allows access from anywhere at anytime and you don’t have to worry about your computer crashing and losing data, its all stored on the cloud. Other businesses to watch in this industry are Google (NASDAQ:GOOG), Apple (NASDAQ:AAPL), and Intuit (NASDAQ:INTU). Google currently have cloud based storage, word processing, and other office software. Apple also has cloudbase storage for music, videos, and documents. These companies can easily enter this business and become profitable. Let’s talk finance Salesforce.com has a current ratio close to one which is not very good but it is a growing company so this is expected. The company has $1 billion in long term debt and a debt ratio of 0.61. For investors, you need to assess the risk with the possible rewards.How do you feel about cloud based computing and businesses?