Why Salesforce Stock Surged Today
Shares of salesforce.com (NYSE: CRM) jumped on Friday, following the release of the cloud computing leader's fiscal 2022 first-quarter results. As of 3:15 p.m. EDT, the tech stock's price was up more than 5%.
Salesforce's revenue leapt 23% year over year to $6 billion. The software giant's operating cash flow, in turn, soared 74% to $3.2 billion, while its free cash flow rose 99% to $3.1 billion.
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Source Fool.com
