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Salesforce Outlook Disappoints Investors

  • Fortune, Thursday, November 20, 2014 12:24 PM
Despite a 29% gain in third-quarter revenue, investors punished Salesforce on Wednesday for a less than shining fourth-quarter outlook. “Salesforce continues to benefit from an ever-expanding cloud services market that has let the company build up a strong momentum with consistent revenue growth,” Fortune reports. Yet, “the company’s estimate of around $1.44 billion in fourth-quarter revenue came in just below analysts’ expectations.”

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