US Markets
CRM

EARNINGS-Salesforce beats quarterly revenue estimates on online demand

Credit: REUTERS/Brendan McDermid

Salesforce.com Inc beat quarterly revenue estimates on Tuesday, as more companies used its online business software to support remote work during the COVID-19 pandemic.

Aug 25 (Reuters) - Salesforce.com Inc CRM.N beat quarterly revenue estimates on Tuesday, as more companies used its online business software to support remote work during the COVID-19 pandemic.

The software company's total revenue jumped about 29% to $5.15 billion in the second quarter ended July 31, above the average analyst estimate of $4.90 billion, according to IBES data from Refinitiv.

(Reporting by Neha Malara and Shariq Khan in Bengaluru; Editing by Shinjini Ganguli)

((Neha.Malara@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6749 3443))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

CRM

Latest Markets Videos

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More