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Salesforce Reports Lower Profit, Higher Revenue for Second Quarter

By Ross Matican
· · Source: The Information

Salesforce reported a drop in profit and a 22% rise in revenue for the second quarter, defying its own prediction that it would lose money in the period because of accounting charges related to buying one of its subsidiaries. The company raised is full-year revenue guidance, suggesting it is not seeing signs of weakness in enterprise software even though recession worries are getting more...

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