Salesforce cuts annual sales estimates on COVID-19 hit GlobeTechnology
Most of the expenses were recorded in the first quarter, including $140 million in sales commissions, Chief Executive Officer Marc Benioff said on an earnings call.Benioff said organizations around the world are accelerating their plans for work-from-anywhere environment, helping Salesforce sign more deals.
The company has beefed up its cloud business through acquisitions - spending more than $16 billion last year - to fend off growing competition from rivals such as Oracle Corp and German competitor SAP. It projected annual adjusted profit of between $2.93 and $2.95 per share, lower than its earlier estimate of between $3.16 and $3.18.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Backyard pool sales surge during the COVID-19 pandemicPool stores say they are seeing a massive increase in sales as more families stay close to home during the pandemic.
Read more »
COVID-19: Thousands of Canadians getting US$1,200 cheques simply because they’re still U.S. citizensAccording to the IRS, nearly 750,000 stimulus cheques have gone out to ‘foreign addresses,’ totalling $1.2 billion
Read more »
Elliott ends Busch’s win streak, claims $100,000 bounty to battle COVID-19Elliott ends Busch’s win streak, claims $100,000 bounty to battle COVID-19 Globe_Sports
Read more »
Ontario reports spike in new COVID-19 patients after two days of fewer than 300 casesOntario has reported a jump in new COVID-19 cases following two days in which the number of daily patients was below 300.
Read more »
Alberta’s Jason Kenney says targeted approach needed to prevent COVID-19 resurgenceKenney says the key to prevention will be ramped up testing, border screening and a focus on the protecting the highest risk group – seniors and those with underlying conditions
Read more »