Elliott Management Corp

Salesforce Signals Strong Position with Buyback Plan Boost, Upbeat Forecast

Salesforce Inc on Wednesday forecast first-quarter revenue above analysts’ estimates and doubled its share repurchase to $20 billion, indicating a strong cash flow for the company that has come under pressure from activist investors. The upbeat forecast and fourth-quarter results that beat analysts’ estimates pushed the shares of the cloud-based software provider up 14% in […]