Software company’s shares jump on better than expected results after Elliott raised pressure with board nominees Read More...
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Salesforce strikes back
It would be an understatement to say that Salesforce has been having a rough ride of late — from activist pressure to executive departures and layoffs — it seems like everyone was piling onto a company that was already struggling as profits declined. It needed a strong quarter, and all indications were they wouldn’t get it. Against all odds, though, the CRM leader defied the street with a strong report. Today after the bell, Salesforce reported its fiscal fourth-quarter earnings, including revenue that topped expectations and guidance that came in ahead of street estimates.
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