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Salesforce beats Q1 earnings and revenue estimates, as major investors increase their stakes.
Institutional investors like Bridgewater Advisors and GPM Growth Investors have been adjusting their stakes in Salesforce Inc., with Bridgewater buying and GPM slightly increasing its holdings.
Salesforce reported Q1 earnings of $2.58 per share, beating estimates by $0.03, and revenue of $9.83 billion, exceeding expectations.
The company's stock has a target price of $348.16 and a current market cap of $248.03 billion.
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Salesforce supera las ganancias del primer trimestre y las estimaciones de ingresos, a medida que los principales inversores aumentan sus participaciones.