Salesforce shares rise on earnings beat – CNBC

Business News

Salesforce shares rise on earnings beat  CNBC

– Salesforce beat on the top and bottom lines. – The company continues to expand beyond its core of sales software and is benefiting from its $6.5 billion acquisition of MuleSoft last year. – The stock is up about 9% for the year, as of Tuesday’s close, but is well off its high from April. Salesforce shares rose 3% in extended trading on Tuesday after the cloud software company reported better-than-expected earnings for the first quarter of its 2020 fiscal year. Here are the key numbers: – Earnings: 93 cents per share, excluding certain items, vs. 61 cents per share as expected by analysts,…

Source: Business News