Tag Archives: currentquarter

Salesforce forecasts weak current-quarter revenue, shares fall

Salesforce forecasts weak current-quarter revenue, shares fall

(Reuters) -Business software provider Salesforce forecast third-quarter revenue below Wall Street estimates on Wednesday, as clients dial back spending on its enterprise cloud products due to macroeconomic uncertainty. The cloud software provider also announced a $20 billion increase to its existing share buyback program, bringing the total to $50 billion. Shares of the San Francisco, California-based company fell more than …

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