Marc Benioff, CEO of Salesforce, participates in a dialog on AI and the Future on the Asia-Pacific Financial Cooperation (APEC) Leaders’ Week in San Francisco, California, on November 16, 2023.
Andrew Caballero-Reynolds | AFP | Getty Photos
Salesforce reported fiscal third-quarter earnings that topped analysts’ estimates on Wednesday. The inventory rose nearly 5% in prolonged buying and selling.
Here is how the corporate did:
- Earnings: $2.11 per share, adjusted, versus the $2.06 per share anticipated by LSEG
- Income: $8.72 billion versus the $8.72 billion anticipated by LSEG
Income elevated 11% from $7.84 billion a yr in the past. The cloud software program firm has seen its development charges slip over the previous yr as companies have appeared to scale back spending attributable to financial uncertainties and excessive rates of interest.
Nonetheless, the inventory has jumped 79% this yr, outperforming the Nasdaq, which has climbed 36%.
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