Companies like Salesforce reaped the benefits of the pandemic, with organizations doubling down on their effort for digitization and switch to remote working and learning. The fresh restrictions from the spread of the Omicron variant also added a boost.
For 2023, Salesforce expects revenue between $32 billion and $32.1 billion, above expectation of $31.78 billion.
The company’s revenue rose 26% to $7.33 billion in the fourth quarter, beating analysts’ estimate of $7.24 billion, according to IBES data from Refinitiv.
(Reporting by Tiyashi Datta and Arunima Kumar in Bengaluru; Editing by Maju Samuel)