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Another Bad Sign for Tech Stocks—Cloud Spending Is Fading

Por: MarketWatch Business December 03, 2022

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But corporate demand seems to be faltering. On Wednesday, (ticker: CRM)—the market leader in sales and marketing cloud software—disappointed investors by for the current quarter. Fiscal third-quarter billings, a metric viewed as a leading indicator for future revenue, also fell short of Wall Street consensus by nearly 10%, coming in at $6.21 billion, representing year-over-year growth of just 5%. Beyond the softening financial numbers,... + full article



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