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Why Salesforce Rose 16% in December

TheMotleyFool

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Why Salesforce Rose 16% in DecemberPhoto, wide shot, wide-angle lens, Consumer electronics manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Hiroshi Sugimoto: https://img.theapi.app/temp/d8a4268f-c982-4aa8-a09e-f9ee1db62f57.png

Shares of Salesforce (NYSE: CRM) were among the winners last month as the software-as-a-service (SaaS) giant beat expectations on the bottom line in its third-quarter earnings report and as it raised its guidance.

Salesforce also touted strong backlog growth and the continued expansion of its Agentforce AI platform. According to data from S&P Global Market Intelligence, the stock finished the month up 16%. As you can see from the chart below, nearly all of the stock's gains came on the earnings report at the beginning of the month.