Salesforce Stock Rallies as Investors Applaud Strong Earnings

Investors were less than thrilled with the company’s recent $15.7 billion acquisition of Tableau Software, fretting about the company’s ability to sustain outsize growth and jittery about the impact of softening economies in Europe and elsewhere. For the quarter, Salesforce posted revenue of $4.0 billion, up 22% from a year ago, and ahead of the company’s forecast range of $3.94 billion to $3.95 billion. Non-GAAP profits of 66 cents a share were far above the range of 46-47 cents a share Salesforce had predicted.

source https://finance.yahoo.com/m/3ff1bfd3-55ec-3ba6-a070-ff27b428c714/salesforce-stock-rallies-as.html?.tsrc=rss

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