Deals
Salesforce Projects Revenue That Tops Analysts’ Estimates
- Software maker also raises high end of profit guidance
- Growth across all units pushed second-quarter sales up 22%
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Salesforce.com Inc. gave a revenue forecast that topped Wall Street’s estimates, signaling the maker of cloud-based applications will continue to see rapid growth due to an expanding product lineup and its latest acquisitions.
Revenue will be as much as $4.45 billion in the period ending in October, the San Francisco-based company said Thursday in a statement. Analysts projected $4.18 billion, according to data compiled by Bloomberg.