-Salesforce.com Inc raised its full-year forecast for revenue as well as profit, and reported quarterly revenue that beat analysts estimates, following increased demand for its cloud-based software.
Reuters
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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
Salesforce.com Inc (CRM.N) raised its full-year forecast for revenue as well as profit, and reported quarterly revenue that beat analysts estimates, following increased demand for its cloud-based software due to a pandemic-led shift to remote work.
The company s shares rose 5.4% to $238 on Thursday in extended trading.
Online software providers are reaping the benefits as many companies are continuing with the option of remote work even as vaccination rates rise in some countries like the United States.
(Bloomberg) ZipRecruiter Inc. was assigned a reference price of $18 a share for what will be the fourth major direct listing of the year on a U.S. exchange.
The job search and recruiting company’s shares are set to begin trading Wednesday without the company raising any capital.