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Salesforce revenue forecast beats estimates, shares rise 7%

5 monthes ago   |   By Reuters

Salesforce.com Inc forecast third-quarter revenue above Wall Street estimates on Thursday, encouraged by more companies opting for its cloud-based services, sending its shares up 7% in extended trading.
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Salesforce's stock is up 7% after beating Wall Street's expectations

Salesforce's stock is up 7% after beating Wall Street's expectations

5 monthes ago   |   By Business Insider

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Salesforce's stock popped 7% in after market trading Thursday after the cloud software company topped Wall Street expectations and delivered a rosy forecast for the current quarter.
Here's what Salesforce reported:
EPS : $0.66. Analysts forecasted $0.47.
Revenue: $4 billion. Wall Street expected $3.95 billion.
EPS : $0.65 to $0.66. Analysts predicted $0.61.
Revenue :$4.44 billion to $4.45 billion. Wall Street expected $4.25 billion.
SEE ALSO: Big data company Palantir renews its controversial contract with ICE that is worth nearly $50...
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