Salesforce forecasts current-quarter revenue above estimates

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(Reuters) – Business software maker Salesforce (NYSE:CRM) Inc forecast second-quarter revenue above market estimates on Wednesday, as demand for its cloud-based offerings stays strong in the face of a turbulent economy.

The company expects revenue of between $8.51 billion and $8.53 billion for the quarter, compared with analysts’ estimates of $8.49 billion, according to Refinitiv IBES data.