Salesforce Raises Annual Forecast on Bigger Product Lineup
- Company reported quarterly sales, profit that beat estimates
- Concerns about future revenue growth based on billings
The Key Takeaways From Salesforce's Earnings
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Salesforce.com Inc. raised its revenue forecast for the fiscal year, showing confidence that its expanded lineup of cloud-based software will continue to attract new business.
While analysts said there may be some concerns about future revenue, the company projected annual sales of as much as $10.40 billion, with adjusted profit of $1.29 a share to $1.31 a share. Analysts on average estimated $10.29 billion in sales and earnings of $1.30 a share.