Daily Poll: Salesforce Sales Jump on Pandemic-Fueled Demand for Cloud Services.
$Salesforce (CRM.US)$ shares rose as much as 3% in extended trading on Wednesday after the enterprise software maker reported fiscal second-quarter earnings and forward guidance that exceeded analysts’ estimates.
Here’s how the company did:
Earnings: $1.48 per share, adjusted, vs. 92 cents per share expected by analysts, according to Refinitiv
Revenue: $6.34 billion, vs. $6.24 billion expected by analysts, according to Refinitiv
Earnings: $1.48 per share, adjusted, vs. 92 cents per share expected by analysts, according to Refinitiv
Revenue: $6.34 billion, vs. $6.24 billion expected by analysts, according to Refinitiv
Revenue increased 23% YOY in the quarter, which ended July 31, the company said in a statement. In the prior quarter revenue grew 23%.
Salesforce signaled the shift to hybrid work would keep demand for its cloud-based software strong in the third quarter, after trumping market expectations for earnings in the May-July period.
The business software maker's revenue has gone from strength to strength over the past year, with the rise of automation and artificial intelligence likely to keep that momentum going even as vaccine rollouts gather force and offices reopen.
The business software maker's revenue has gone from strength to strength over the past year, with the rise of automation and artificial intelligence likely to keep that momentum going even as vaccine rollouts gather force and offices reopen.
Work From Home may become the new normal for workers under this circumstance. Cloud-based services have great growth potential. Do you guys optimistic about cloud-based services? Will you invest in these companies? Let mooers know your moves.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Mikayla Tan : Interesting!
102721337 : Interesting