Salesforce Bucks The Day's Downbeat Trend -- WSJ

Dow Jones2022-09-23

By Dan Gallagher

That's how many people Salesforce said showed up for its Dreamforce conference in San Francisco this week. Given the expense of such a big shindig, it was ironic that one of the messages from the cloud-computing giant was that it planned to reduce sales and marketing costs as part of an effort to reach adjusted operating margins of 25% by the end of the fiscal year closing in January 2026. Even so, investors must have liked the show -- the stock is in the green today, handily outperforming the more than 1% loss for the Nasdaq as a whole.

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NOTE: In-line links reference additional content of interest chosen by the WSJ news team.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

September 22, 2022 14:15 ET (18:15 GMT)

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