Salesforce reports strong demand in uncertain market, raises earnings forecast

    Marc Benioff, CEO of speaks at the World Economic Forum in Davos, Switzerland, January 23, 2020.

    Adam Galcia | CNBC

    Salesforce (CRM) reported better-than-expected earnings for the first quarter of fiscal 2023 on Tuesday.

    Revenue was $7.41 billion, up 26% year-over-year in constant currency, and it beat expectations of $7.38 billion, according to FactSet. Fixed currencies help remove fluctuations in foreign currencies to provide a clearer financial picture. Non-GAAP earnings per share exceeded estimates of $0.98 – including 1 cent market rate accounting interest on strategic investments – from estimates of $0.94.

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