:Salesforce Inc raised its full-year adjusted profit forecast after it beat quarterly revenue estimates on strong demand for business software as companies increasingly adopt hybrid work models.
Despite inflation climbing to a four-decade high and tapering consumer demand across a range of sectors, many companies spent generously on software to improve efficiencies and incorporate modern-day work-flows including hybrid-work. The company increased its adjusted profit estimate for the year to $4.75 per share, from its prior forecast of $4.63 per share.
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