Better-than-expected profit for Salesforce

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Better-than-expected profit for Salesforce
Photo: Paul Sakuma/AP/TT

The American cloud services company Salesforce reported significantly better-than-expected profits in its quarterly report.

In the report released after the close of trading in New York, earnings per share were reported at $3.25, significantly higher than the $2.86 that analysts had expected, according to research firm LSEG.

Sales were $10.26 billion, which was slightly lower than the expected $10.27 billion.

Sales thus increased by 8.6 percent compared to the same period last year, reports CNBC .

About half an hour after the report was released, the stock had risen 5.6 percent in after-hours trading on the New York Stock Exchange.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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