Salesforce shares jump on increased revenue forecast for this year and company's optimism on profit

  • 📰 CNBC
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Salesforce shares jump on increased revenue forecast for this year and optimistic profit outlook

Salesforce raised its revenue guidance for fiscal 2022, which ends in January, and initiated guidance for 2023."We can sell effectively without going on a plane everyday," CFO Amy Weaver said on Thursday.

Revenue for fiscal 2022, which ends in January, will be as high as $26.35 billion, up from a previous prediction for up to $26.3 billion, Salesforce said in a. For the following year, Salesforce expects $31.65 billion to $31.80 billion, topping the average estimate of $31.47 billion, according to analysts polled by Refinitiv.

"It's the new world," Weaver said. "We're not going back. We can sell effectively without going on a plane everyday." Salesforce's revenue chief, Gavin Peterson, said last month that sales representatives are beginning to sell products through Slack.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FedEx lowers outlook for the year amid tight labor market, rising expensesFedEx Corp. shares fell late Tuesday after the shipping and logistics company lowered its outlook for the year, saying that the cost of doing business rose...
Source: MarketWatch - 🏆 3. / 97 Read more »