$Salesforce (CRM.US)$ 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
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...