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Benzinga

Business

Adam Eckert

Why Salesforce Shares Are Rising Today

Salesforce CRM NYSE

Salesforce.com Inc (NYSE:CRM) is trading higher Wednesday after the company reported better-than-expected fiscal fourth-quarter financial results and issued guidance above estimates.

Salesforce said quarterly revenue increased 26% year-over-year to $7.33 billion, which beat the $7.24 billion estimate. The company reported quarterly earnings of 84 cents per share, which beat the estimate of 75 cents per share.

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