Salesforce Earnings Top Views; Stock Falls As Guidance Misses Estimates

▤ Summary

The Salesforce earnings report, however, caused its stock to fall in after-hours trading, as April-quarter revenue and profit forecasts fell short of expectations. XThe leader in software-as-a-service said adjusted earnings were 70 cents a share, double the year-ago figure, and included a 12-cent accounting gain. Analysts expected Salesforce earnings of 55 cents on sales of $3.56 billion for the period ended Jan. 31. Its software helps businesses organize and handle sales operations and customer relationships. MuleSoft sells software that automates the integration of new tools with legacy enterprise platforms and speeds application development.

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