Salesforce jumps after issuing full-year forecast that topped estimates
It's expanding its share buyback program after introducing it last year.
The cloud software company announced layoffs during the quarter as activists push it to become more profitable.Marc Benioff, co-founder and CEO of Salesforce, speaks at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2023.shares soared 15% in extended trading on Wednesday after the cloud software maker beat Wall Street estimates on profit and issued a better-than-expected forecast.$1.68 per share, adjusted, vs. $1.36 per share as expected by analysts, according to Refinitiv.
. The company reported a loss of $98 million, compared with a loss of $28 million in the year-ago quarter.of its workforce, representing over 7,000 people, and that restructuring strategy led to $828 million in costs during the quarter. Profitability has become a higher priority at Salesforce, which in recent months has been getting pressured by an
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Blazers' Damien Lillard has 71 pts and 13 3s, then gets drug testedLillard made 71 points — tied for the most in the NBA this season — and 13 3-pointers in the Portland Trail Blazers' 131 -114 victory over Houston.
Read more »
Second arrest made in shooting death of Jacksonville 13-year-old, sheriff saysThe man Jacksonville police say pulled the trigger in the December shooting death of 13-year-old Prince Holland has been arrested in Central Flroida.
Read more »
‘All American’ season 5, episode 13 (02/27/23): How to watch, livestream, time, date, channelIt's game time again!
Read more »
BBC Staff Vote To Stage Biggest Strike In 13 Years; King Charles’ Coronation Could Be TargetedBBC employees have voted to stage their biggest strike in 13 years in protest over the corporation’s changes to local content in England. Members of the National Union of Journalists (NUJ) ha…
Read more »
MS-13 gang murder of Maryland autistic woman sparks investigation of Biden administrationEXCLUSIVE — House Judiciary Committee Chairman Jim Jordan (R-OH) has demanded two Biden Cabinet officials explain how an MS-13 gang member who was charged in the murder of an autistic Maryland woman was allowed into the United States after illegally crossing the border, according to a letter…
Read more »