Here's Why Salesforce Stock Surged Today

Shares of Salesforce.com (NYSE: CRM) jumped 9.9% on Wednesday after the software leader delivered better-than-expected earnings and boosted its full-year profit forecast.

Salesforce's revenue rose 24% year over year to $7.4 billion in its fiscal 2023 first quarter, which ended on April 30. The cloud computing giant enjoyed strong sales growth across all its major business segments, including:

Notably, the gains came despite a difficult macroeconomic backdrop that has dented the results of many tech companies.

Source Fool.com