52 Week Range 19368 31871 May 29 61430 Pm Gmt 4 Usd Nyse Disclaimer Common Stock Crm Volume

Salesforce Stock Surges on Strong Earnings Report

52 Week Range 19368 - 31871. May 29 61430 PM GMT-4 USD NYSE Disclaimer. . Common Stock CRM Volume

Salesforce, the world's leading customer relationship management (CRM) platform, reported better-than-expected earnings for the first quarter of 2023, sending its stock up over 8% in after-hours trading.

The company's revenue for the quarter was $7.41 billion, a 24% increase from the same period last year. This beat analysts' expectations of $7.38 billion.

Salesforce's earnings per share also exceeded expectations, coming in at $0.98 compared to the $0.95 that analysts had predicted.

The strong earnings report was driven by continued growth in the company's core CRM business, as well as strong demand for its cloud-based services.

Salesforce's stock has been on a steady upward trend in recent years, as the company has benefited from the growing popularity of CRM software. The company's stock is now trading at over $300 per share, a significant increase from its 52-week low of $193.68.

Analysts believe that Salesforce's strong earnings report is a sign that the company is well-positioned to continue to grow in the future. The company is expected to continue to benefit from the growing popularity of CRM software, as well as the increasing demand for cloud-based services.