Tag: $Salesforce

Salesforce’s growth rate has slipped in 2023 as businesses look for ways to cut costs.

Salesforce raised its annual revenue forecast on Wednesday and projected quarterly sales above estimates as it benefits from a recent price hike and resilient demand for its cloud and business software offerings in an uncertain economy.

Salesforce reported an earnings and revenue beat and lifted its full-year earnings guidance, but the stock dropped as much as 7% in extended trading as capital costs were higher than analysts expected.