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Salesforce’s revenue exceeded the expected estimations of analysts



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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