Salesforce rises after earnings beat
Salesforce jumped in after-hours trading following an earnings report that beat Wall Street estimates.
The company reported earnings per share of $2.58, more than the $2.22 analysts polled by FactSet were penciling in. It reported $9.8 billion in sales, slightly higher than the $9.7 billion analysts expected.
Salesforce shares jumped as much as 5% immediately following the news before settling around 2.5%.
The company announced on Tuesday that it agreed to acquire cloud data management firm Informatica for $8 billion in an all-stock deal.
Salesforce shares jumped as much as 5% immediately following the news before settling around 2.5%.
The company announced on Tuesday that it agreed to acquire cloud data management firm Informatica for $8 billion in an all-stock deal.
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