Salesforce Says Hybrid Work Will Fuel Demand for Its Cloud-Based Software

Salesforce on Wednesday signaled the shift to hybrid work would keep demand for its cloud-based software strong in the third quarter, after trumping market expectations for earnings in the May-July period.

The business software maker’s revenue has gone from strength to strength over the past year, with the rise of automation and artificial intelligence likely to keep that momentum going even as vaccine rollouts gather force and offices reopen.

A slew of acquisitions, including workplace messaging app Slack, has helped Salesforce fend off competition from legacy players like Oracle, Microsoft, and German competitor SAP.


“Our Customer 360 platform is now fueled by a herd of unicorns perfectly designed for this all-digital world,” Chief Executive Officer Marc Benioff said in a statement.

Revenue in the second quarter ended July 31 rose 23 percent to $6.34 billion (roughly Rs. 47,069 crores), surpassing estimates of $6.24 billion (roughly Rs 46,326 crores), according to IBES data from Refinitiv.

Excluding items, the company earned $1.48 (roughly Rs. 109.8) per share versus estimates of 92 cents (roughly Rs. 68.3).


San Francisco, California-based Salesforce forecast third-quarter fiscal 2022 revenue between $6.78 billion (roughly Rs. 50,336 crores) and $6.79 billion (roughly Rs. 50,408 crores), above estimates of $6.66 billion (roughly Rs. 49,443 crores).

It expects profit between 91 cents (roughly Rs. 67.5) and 92 cents per share, compared with expectations of 82 cents (roughly Rs. 60.8).

© Thomson Reuters 2021


Are the Galaxy Z Fold 3 and Z Flip 3 still made for enthusiasts — or are they good enough for everyone? We discussed this on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.

Stay connected with us on social media platform for instant update click here to join our  Twitter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest Technology News Click Here 


 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.