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Salesforce shares pop on earnings beat and optimistic forecast

Cloud software company Salesforce reported better-than-expected quarterly results and guidance, causing its shares to rise by 6% in extended trading. The company's revenue in the fiscal second quarter increased by 11% from the previous year, and its net income rose significantly. Salesforce also raised its full-year forecast, expecting adjusted earnings per share of $8.04 to $8.06 and revenue of $34.7 billion to $34.8 billion. CEO Marc Benioff attributes the company's growth to its leadership in the artificial intelligence (AI) era and announced AI enhancements to its applications and the launch of an AI Cloud.

The post Salesforce Shares Pop on earnings beat and optimistic forecast appeared first on Balanced News Summary.



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Salesforce shares pop on earnings beat and optimistic forecast

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