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Salesforce’s revenue exceeded the expected estimations of analysts

ConsumerGeniuses

ConsumerGeniuses

Salesforce revenue and growth for the fourth quarter fiscal increased more than was estimated by analysts. The company’s revenue grew by 26% in the fourth quarter, while for the first quarter the growth ranged from $7.37 billion to $7.38 billion. However, the analysts’ poll carried out by Refinitiv was looking for a $7.26 billion profit. The company issued its updated guidance for the 2023 fiscal year, hitting an estimated revenue of $32 billion to $31.78 billion, while analysts were expecting $31.78 billion in revenue. The firm revealed that the plans involve the integration of products with a business chat app, Slack, which would generate $1.5 billion worth of sales in 2023.

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