Salesforce shares held strong on Friday, following Thursday’s spike on the company’s release of a fiscal fourth-quarter earnings report that beat Wall Street estimates and raised revenue guidance for fiscal year 2017. The stock finished up 11 percent Thursday, at $69.42, and held the gains on Friday, closing at $69.11. Fourth-quarter revenue was $1.81 billion, an increase of 25 percent from a year ago and up 27 percent in constant currency, the company said.
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Salesforce Springs Some Q4 Surprises
Posted by: David Jones February 26, 2016 11:21 AMSalesforce shares held strong on Friday, following Thursday’s spike on the company’s release of a fiscal fourth-quarter earnings report that beat Wall Street estimates and raised revenue guidance for fiscal year 2017. The stock finished up 11 percent Thursday, at $69.42, and held the gains on Friday, closing at $69.11. Fourth-quarter revenue was $1.81 billion, an increase of 25 percent from a year ago and up 27 percent in constant currency, the company said.