Salesforce Revenue Forecast Falls Short on Cloud CompetitionBy
Oracle, other rivals move deeper into software maker’s turf
Shares drop as profit guidance also misses analysts’ estimates
Salesforce.com 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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