Salesforce Rises on Profit Outlook Driven By Cost Curbs
- Amy Weaver is stepping down as chief financial officer
- Company reports slowest ever year-over-year revenue growth
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Salesforce Inc. shares rose after the company gave an earnings forecast for the fiscal year that topped analysts’ estimates, seemingly satisfying investors who have had concerns over slowing sales growth at the software giant.
Profit will be $10.03 a share to $10.11 a share in the year ending in January, the company said Wednesday in a statement, compared with an earlier forecast of as much as $9.94. Analysts, on average, estimated $9.91. Salesforce affirmed its fiscal year revenue outlook of $37.7 billion to $38 billion.