Software giant Salesforce reported first-quarter revenue of $9.83 billion, a year-on-year increase of 7.6%
Salesforce's revenue in the first quarter was $9.83 billion, a year-on-year increase of 7.6%. Sales amounted to $2.13 billion, slightly below analysts' expectations of $2.16 billion. The company expects full-year revenue to be between $41 billion and $41.3 billion, exceeding the previous forecast of $40.5 billion to $40.9 billion. After the earnings report was released, Salesforce's stock rose 5.79% in after-hours trading, but the gain narrowed to 1%
Salesforce's first-quarter revenue was $9.83 billion, a year-on-year increase of 7.6%.
First-quarter sales were $2.13 billion, while analysts expected $2.16 billion.
The company expects full-year revenue to be between $41 billion and $41.3 billion, up from its previous estimate of $40.5 billion to $40.9 billion.
After the earnings report was released, Salesforce's stock initially rose by 5.79% in after-hours trading, before narrowing the gain to 1%.
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