Salesforce Gives Strong Forecast, Snowflake Falls Postmarket, Microsoft Slips
On this episode of Stock Movers:- Salesforce (CRM) gave an outlook for revenue in the current period that topped analysts’ estimates, suggesting the software company is persuading customers to buy its AI tools. Revenue will be $11.1 billion to $11.2 billion in the period ending in January, the company said Wednesday in a statement. Analysts, on average, estimated $10.9 billion. Current remaining performance obligations, a measure of bookings, will increase about 15%, compared with analysts’ estimates of a 10% rise. The shares gained about 5% in extended trading after closing at…
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