Salesforce.com Inc forecast third-quarter and full-year revenue above Wall Stree...
The early close of Tableau helped Salesforce grow, according to Steve Koenig from Wedbush Securities. He also said the company is also growing on an organic basis.
The company raised its 2020 revenue forecast in the range of $16.75 billion to $16.90 billion, beating analysts’ estimates of $16.64 billion, according to IBES data from Refinitiv. It previously forecast a range of $16.10 billion to $16.25 billion. Total revenue surged 22% to $4 billion in the second quarter ended July 31, compared with analysts’ estimates of $3.95 billion, according to IBES data from Refinitiv.
Revenue from Sales Cloud, its flagship product for customer relationship management, rose 12.5% to $1.13 billion, accounting for about a third of its revenue. Net income fell to $91 million, or 11 cents per share, from $299 million, or 39 cents per share, a year earlier.Reporting by Neha Malara in Bengaluru; Editing by Anil D'Silva, Bernard Orr
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