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Salesforce Stock Falls Despite Strong Earnings Report

  • Salesforce CRM +2.06% shares fell in late trading Wednesday, despite the company posting better-than- expected results for its fiscal first quarter ended April 30.
  • Investors are disappointed that the cloud-based software provider did not boost its full-year revenue outlook despite the first-quarter beat.
  • On the company’s post-earnings conference call, CEO Marc Benioff said “while the economy is not under our control, our margins are.”
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