Reported about 1 month ago
Salesforce exceeded analysts' expectations for its second-quarter revenue and profit, reporting $9.33 billion in revenue, aided by rising enterprise cloud spending. While shares climbed over 4% post-announcement, the company forecasted lower-than-expected revenue for the third quarter, indicating challenges in fully recovering cloud demand as its growth rate has slowed. Additionally, CFO Amy Weaver announced plans to step down, but will remain until a successor is found.
Source: YAHOO