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Salesforce revenue beats on higher demand for cloud software

Credit: REUTERS/Brendan McDermid

Salesforce.com Inc reported quarterly revenue above Wall Street estimates on Thursday, as more customers signed up for its cloud software.

Aug 22 (Reuters) - Salesforce.com Inc CRM.N reported quarterly revenue above Wall Street estimates on Thursday, as more customers signed up for its cloud software.

Total revenue surged 22% to $4 billion in the second quarter ended July 31, compared with analysts' estimates of $3.95 billion, according to IBES data from Refinitiv.

However, net income fell to $91 million, or 11 cents per share, from $299 million, or 39 cents per share, a year earlier.

(Reporting by Neha Malara in Bengaluru; Editing by Anil D'Silva)

((Neha.Malara@thomsonreuters.com; within U.S.+1 646 223 0344; outside U.S. +91 80 6749 0344;))

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

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