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Salesforce beats quarterly revenue estimates

Salesforce beats quarterly revenue estimates

FILE PHOTO: The company logo for Salesforce.com is displayed on the Salesforce Tower in New York City, U.S., March 7, 2019. REUTERS/Brendan McDermid/File Photo

REUTERS: Salesforce.com Inc reported quarterly revenue on Thursday that beat analysts' estimates, helped by increased demand for its cloud-based software following a pandemic-led shift to remote work.

The company reported total revenue of US$5.96 billion in the first quarter, compared with analysts' estimates of US$5.89 billion, according to IBES data from Refinitiv.

(Reporting by Tiyashi Datta in Bengaluru; Editing by Shounak Dasgupta)

Source: Reuters

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