Shares jumped 7% after hours.
Salesforce.com Inc. shares rallied in the extended session Thursday after the customer-relationship management software company’s quarterly results topped Wall Street estimates and its recent acquisition of Tableau Software Inc. boosted its revenue outlook.
“With our organic growth and our acquisitions of Tableau, Salesforce.org, and Click Software we’re raising our fiscal-year ’20 revenue guidance to $16.9 billion, at the high end of our range, representing about 27% growth year-over-year,” said Marc Benioff, Salesforce’s chairman & co-chief executive, on a conference call.
Salesforce said it expects revenue of $4.44 billion to $4.45 billion for the third quarter, and a range of $16.75 billion to $16.9 billion for the year. Analysts had forecast revenue of $4.18 billion for the third quarter, and $16.43 billion for the year.
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