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Salesforce beats quarterly revenue estimates -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: A photograph of the Salesforce logo on a San Francisco building, California, U.S.A October 12, 2016, is shown. REUTERS/Lily Jamali

(Reuters] – Salesforce.com Inc. (NYSE:) Tuesday announced quarterly revenue that was higher than Wall Street estimates. The strong demand for the cloud-based Salesforce software-based solutions resulted from a pandemic and shift towards hybrid work.

According to IBES data by Refinitiv, the company’s fourth-quarter revenue increased 26% to $7.33 Billion, surpassing analysts’ estimates of $7.24 Billion.

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