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Salesforce bumps up full-year forecast but reports higher capital expenses than expected

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Salesforce raised its full-year guidance and reported an earnings and revenue beat, but capital costs were higher than expected.

Salesforce surpassed estimates across the board and raised its full-year earnings guidance.

Salesforce CEO Marc Benioff attends the TIME100 Gala at Jazz at Lincoln Center in New York on April 26, 2023.reported an earnings and revenue beat and lifted its full-year guidance, but the stock dropped in extended trading as capital costs were higher than analysts expected.$1.69 per share, adjusted, vs. $1.61 per share as expected by analysts, according to Refinitiv.

 

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