BUZZ-US cloud firms rise on Salesforce upbeat results

Reuters
2024-12-04
BUZZ-US cloud firms rise on Salesforce upbeat results

** Shares of U.S. cloud companies rise in premarket trade on Salesforce's CRM.N results, outlook

** Stock of the enterprise cloud firm Salesforce, set to open at record-high, if gains hold

** ServiceNow NOW.N up 2.8%, while Datadog DDOG.O up 2.2%

** Snowflake SNOW.N up 2%, Oracle ORCL.N up 2.4%

** CRM posts Q3 revenue of $9.44 bln, beating estimates of $9.35 bln — LSEG

** Co now expects fiscal 2025 revenue between $37.8 bln and $38 bln, compared with its prior forecast range of $37.7 bln to $38 bln

(Reporting by Pranav Kashyap in Bengaluru)

((Pranav.Kashyap@thomsonreuters.com; +919886482111;))

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