Salesforce Inc. produced better adjusted earnings than expected in the fourth quarter and executives projected big profit gains this year in a Wednesday report, sending shares more than 12% higher amid activist-investor pressure.
Salesforce CRM reported a fourth-quarter loss of $98 million, or 10 cents a share, on revenue of $8.38 billion, up from $7.33 billion a year ago. After adjusting for stock compensation and other costs, including 84 cents a share in restructuring costs from recent layoffs, the cloud-software company…
