Business software maker Salesforce Inc forecast second-quarter revenue above market estimates on Wednesday, as demand for its cloud-based offerings stays strong in the face of a turbulent economy.
The company expects revenue of between $8.51 billion and $8.53 billion for the quarter, compared with analysts' estimates of $8.49 billion, according to Refinitiv IBES data. Revenue was $8.25 billion for the quarter ended April 30, compared with the expectations of $8.18 billion. Shares of the San Francisco, California-based company fell nearly 5 per cent in trading after the bell, after rising as much as 3 per cent in regular trading.
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