TikTok seeks to reassure U.S. employees ahead of Jan. 19 ban deadline
US won't seek charges in unarmed Black motorist Ronald Greene's fatal 2019 arrest
Euro zone households could increase consumption, ECB chief economist says
Foreigners sold South Korean equities last month by most since early 2020
Trump and Biden national and homeland security staff will meet Wednesday for threat exercises
As fires ravage Los Angeles, Tiger Woods isn't sure what will happen with Riviera tournament
Antetokounmpo gets 50th career triple-double as Bucks win 130-115 to end Kings' 7-game win streak
No 97 Laura Siegemund upsets Olympic champion Zheng Qinwen at the Australian Open
(Reuters) - Salesforce forecast fourth-quarter revenue above market expectations on Wednesday, benefiting from strong demand for its cloud and business products in an uncertain economy, sending its shares up 4.3% after the bell.
The company said it expects revenue between $9.18 billion to $9.23 billion, the midpoint of which exceeded estimates of $9.21 billion, according to LSEG data.
The upbeat forecast fans further optimism that tech spending has picked up in the second half of the year as inflation cools, aiding demand for a major cloud player like Salesforce.
The company raised its full-year adjusted profit forecast to a range of $8.18 to $8.19 per share from $8.04 to $8.06 per share it had expected previously.
(Reporting by Zaheer Kachwala in Bengaluru; Editing by Arun Koyyur)
