FILE PHOTO: the logo of The company Salesforce.com it is displayed in the Salesforce Tower in New York City, united states of america, on March 7, 2019. REUTERS/Brendan McDermid/File Photo
(Ap) – Salesforce.com Inc., and CRM.N) reported quarterly earnings above Wall Street estimates on Thursday, as more customers signed up for the cloud software.
Total revenue increased 22% to $4 billion in the second quarter, which ended July 31, compared with analysts ‘ estimates of $3.95 billion, according to IBES data, Refinitiv.
However, net income declined to $91 million, or 11 cents a share, up from $299 million, or 39 cents a share, a year earlier.
Reporting by Neha Malara in Bengaluru; Editing by Anil D’silva