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https://www.wsj.com/articles/salesforce-sales-jump-24-easing-concerns-about-business-demand-11654033865

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Salesforce Sales Jump 24%, Easing Concerns About Business Demand

Shares of the business-software provider rise even as it lowers its sales outlook for the year

Big tech firms are investing in data centers as they compete for the $214 billion cloud computing market. WSJ explains what cloud computing is, why big tech is betting big on future contracts.
By Aaron Tilley and Jeffrey T. Lewis

Salesforce posted a better-than-expected 24% increase in fiscal first-quarter revenue, easing concerns about demand for its business software.

Shares of Salesforce, which have fallen this year along with a broader selloff in tech stocks, rose more than 7% in after-hours trading following the company’s results.

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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.