{"id":11258,"date":"2021-08-26T09:02:06","date_gmt":"2021-08-26T13:02:06","guid":{"rendered":"https:\/\/www.technewsday.com\/?p=11258"},"modified":"2021-08-27T08:58:35","modified_gmt":"2021-08-27T12:58:35","slug":"hybrid-work-demand-boosts-salesforce-earnings-forecast","status":"publish","type":"post","link":"https:\/\/technewsday.com\/staging\/hybrid-work-demand-boosts-salesforce-earnings-forecast\/","title":{"rendered":"Hybrid Work Demand Boosts Salesforce Earnings Forecast"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Salesforce beat market expectations for earnings between May and July as the company&#8217;s revenue continues to grow thanks to the increasing use of automation and artificial intelligence.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To continue on the path of revenue growth, the software maker announced Wednesday that its recent decision to switch to hybrid work will help it maintain strong demand for its cloud-based software in the third quarter, boosting revenue.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In the second quarter that ended July 31, Salesforce revenue rose 23% to $6.34 billion, beating estimates of $6.24 billion.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For the third quarter of fiscal 2022, Salesforce forecast revenue of between $6.78 billion and $6.79 billion, above estimates of $6.6 billion.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">While demand for its cloud-based software continues to grow strongly, Salesforce has fended off competition from legacy companies such as Oracle, Microsoft and German rival SAP through a series of acquisitions, including workplace messaging app Slack.<\/p>\n\n\n<p>For more information, read the <a href=\"https:\/\/www.reuters.com\/technology\/salesforce-beats-quarterly-revenue-estimates-2021-08-25\/\" target=\"_blank\" rel=\"noopener\">original story<\/a> in Reuters.<\/p>","protected":false},"excerpt":{"rendered":"<p>Salesforce beat market expectations for earnings between May and July.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[57],"tags":[262],"class_list":["post-11258","post","type-post","status-publish","format-standard","hentry","category-companies","tag-salesforce"],"acf":[],"_links":{"self":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/11258","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/comments?post=11258"}],"version-history":[{"count":3,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/11258\/revisions"}],"predecessor-version":[{"id":11275,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/11258\/revisions\/11275"}],"wp:attachment":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media?parent=11258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/categories?post=11258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/tags?post=11258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}