Salesforce reported better-than-expected results last quarter.Shares of SalesforceShares had been on quite a run, rising by more than two-thirds so far this year and rose to their highest in about 16 months in regular trading on Wednesday.Salesforce Chief Financial Officer Amy Weaver said the company faced continued macroeconomic pressures in the United States and that demand from financial services and technology companies slowed in the quarter.
Capital expenditure also jumped nearly 36% to $243 million as the company invested in AI-related tools to power its software products.
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Stock market today: Wall Street rises as DC moves to avoid defaultWall Street is ticking higher in its first trading after Washington struck a tentative deal to avoid a potentially disastrous default on its debt.
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