Salesforce Revenue Forecast Falls Short on Cloud Competition

Updated on
  • Oracle, other rivals move deeper into software maker’s turf
  • Shares drop as profit guidance also misses analysts’ estimates

The Big Takeaways From's Earnings Report Inc. forecast fiscal third-quarter revenue that may fall short of some analysts’ estimates, held back by steeper competition in the market for cloud-based software and services. The shares tumbled as much as 9.1 percent in late trading.

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