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Why Shares of Salesforce Soared This Week

Shares of Salesforce (NYSE: CRM) rose by as much as 17% this week, according to data from S&P Global Market Intelligence. The enterprise software giant posted strong earnings and revenue for its fiscal 2023 fourth quarter, which won praise from Wall Street analysts and the company's activist investors. In the fiscal fourth quarter, which ended Jan. 31, Salesforce's revenue grew by 17% year over year on a constant-currency basis to $8.38 billion. Read More...

Shares of Salesforce (NYSE: CRM) rose by as much as 17% this week, according to data from S&P Global Market Intelligence. The enterprise software giant posted strong earnings and revenue for its fiscal 2023 fourth quarter, which won praise from Wall Street analysts and the company’s activist investors. In the fiscal fourth quarter, which ended Jan. 31, Salesforce’s revenue grew by 17% year over year on a constant-currency basis to $8.38 billion.

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