Salesforce Stock Leaps After Q1 Earnings Beat, Profit Forecast Boost
We're just not seeing any material impact from the broader economic world
our demand environment where demand is very strong," said founder and co-CEO Marc Benioff.
) - Get Salesforce, Inc. Report shares leaped higher Wednesday
after the enterprise software group posted stronger-than-expected
first quarter earnings and boosted its near-term profit forecast.
Salesforce said its sees full-year profits in the region of $4.75 per share, around 12 cents ahead of its prior estimate
following non-GAAP profits of 98 cents per share over the three months ending in April
topping the Street consensus forecast of 94 cents, as demand for its work-flow solutions
particularly from companies looking to incorporate hybrid work, continues to grow.