Software sector braces for a split among leading companies

Salesforce logo

Fresh from a powerful three-year surge, the software industry is entering a new period of uncertainty. Shares in Salesforce, the leading software-as-a-service player, surged more than 6 per cent on Thursday after a quarterly earnings report that dispelled recent worries about flagging growth. Meanwhile, tax and small business software company Intuit, which has seen its stock market value jump nearly threefold over the past four years, to $71bn, forecast another solid year of growth, sending its shares up 5 per cent.

source https://finance.yahoo.com/m/78064058-c61f-3866-b969-127698cc2dcf/software-sector-braces-for-a.html?.tsrc=rss

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.