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HomeUncategorizedSalesforce reports strong demand in uncertain market, raises earnings forecast

Salesforce reports strong demand in uncertain market, raises earnings forecast

Marc Benioff, CEO of Salesforce.com speaks at the World Economic Forum in Davos, Switzerland, January 23, 2020.

Adam Galcia | CNBC

Salesforce (CRM) reported better-than-expected earnings for the first quarter of fiscal 2023 on Tuesday.

Revenue was $7.41 billion, up 26% year-over-year in constant currency, and it beat expectations of $7.38 billion, according to FactSet. Fixed currencies help remove fluctuations in foreign currencies to provide a clearer financial picture. Non-GAAP earnings per share exceeded estimates of $0.98 – including 1 cent market rate accounting interest on strategic investments – from estimates of $0.94.

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