Salesforce Beats Earnings and Revenue Expectations
  • 11 months ago
Salesforce ($CRM@US) reported strong financial results for its most recent quarter, with higher earnings per share and revenue than expected. The cloud computing company provided an optimistic earnings forecast for the fiscal second quarter, surpassing analysts expectations. It also raised its earnings guidance for the full 2024 fiscal year while maintaining its revenue forecast. CEO Marc Benioff was pleased with the company's operating margin, which surpassed expectations for the quarter and is now expected to reach 28% for the 2024 fiscal year, up from the earlier projection of 27%. Salesforce faces challenges leading to delays in finalizing agreements. Shares declined by up to 7% in extended trading.
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