Salesforce shares jumped 16% in extended trading on Wednesday after the cloud software maker beat Wall Street estimates on profit and issued a better-than-expected forecast. Salesforce reported a loss of $98 million, compared with a loss of $28 million in the year-ago quarter, but the company saw increased profitability and increased guidance for the future. Salesforce said it was disbanding its board committee on mergers and acquisitions and working with Bain on a review of the business. The past 90 days have been "very intense," and executives will discuss the results with analysts on a conference call starting at 5 p.m.

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