_salesforce-shares-plummet-18-as-q1-revenue-falls-short-of-estimates-here39s-why-analysts-are-still-optimistic.jpg "Salesforce Shares Plummet 18% as Q1 Revenue Falls Short of Estimates. Here's Why Analysts Are Still Optimistic from 18 09 vid Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:41
👁 View: 695K times
✓ Published: 31-May-2024
👁 View: 695K times
✓ Published: 31-May-2024
Description:
Salesforce shares fell 18% after the company reported fiscal first-quarter revenue that missed estimates for the first time since 2006 and provided lighter-than-expected guidance. Revenue for the quarter increased 11% but still came in below analysts' estimates. Guidance also came in below estimates. Analysts said broader macroeconomic challenges impacted Salesforce's performance during the quarter more than expected. Execution issues and changes to their go-to-market strategy also played a role. Analysts remain optimistic about Salesforce's long-term prospects, especially around their investments in generative AI and how it could drive future growth.
Salesforce shares fell 18% after the company reported fiscal first-quarter revenue that missed estimates for the first time since 2006 and provided lighter-than-expected guidance. Revenue for the quarter increased 11% but still came in below analysts' estimates. Guidance also came in below estimates. Analysts said broader macroeconomic challenges impacted Salesforce's performance during the quarter more than expected. Execution issues and changes to their go-to-market strategy also played a role. Analysts remain optimistic about Salesforce's long-term prospects, especially around their investments in generative AI and how it could drive future growth.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_ibiza-summer-mix-2024-best-of-tropical-deep-house-music-chill-out-mix-2023-chillout-lounge.webp "Magic Club")
_dr-mike-the-hidden-side-effects-of-vaping-we-need-to-stop-medical-misinformation.webp "The Diary Of A CEO")
⏲ 1 hour 48 minutes 22 seconds 👁 123.3K
_revenge-of-the-abandoned-heiress.webp "Revenge of the Abandoned Heiress")
_vazhakku-enn-18-9-vaanathai-video-124-prasanna-ramasamy.webp "SonyMusicSouthVEVO")
_new-river-gorge-1-3-2013-2016.webp "Combined the footage from my 1st 3 years of bouldering at the New, cleaned up the edits, changed up some of the background music.Thanks as always to the Fayetteville crew, especially Zak Roper, Micah Klinger, Eric Cox, JD Love!nn--- Problems List ---nnTeays Landing:n(00:06) C.P.J. - V5, Lisa Podleckin(00:45) Get Low - V4, Lisan(01:47) West Virginia Hot Pocket - V6, Max Carlinon(02:41) Morchella Elata - V7, Aaron Schneidern(03:14) Get Lifted - V6, Aaronn(03:50) Master Lock - V9, Aaronn(04:44) C")
_vazhakku-enn-18-9-oru-kural-video-124-prasanna-ramasamy.webp "SonyMusicSouthVEVO")
_918-kryptonite-official-music-video.webp "9:18")
_fox-spirit-matchmaker-red-moon-pact-2024-episode-18-english-sub.webp "Fox Spirit Matchmaker- Red-Moon Pact (2024) Episode 18 English SUB")
_ibiza-summer-mix-2024-best-of-tropical-deep-house-music-chill-out-mix-2023-chillout-lounge.jpg)
_dr-mike-the-hidden-side-effects-of-vaping-we-need-to-stop-medical-misinformation.jpg)
_revenge-of-the-abandoned-heiress.jpg)
_vazhakku-enn-18-9-vaanathai-video-124-prasanna-ramasamy.jpg)
_new-river-gorge-1-3-2013-2016.jpg)
_vazhakku-enn-18-9-oru-kural-video-124-prasanna-ramasamy.jpg)
_918-kryptonite-official-music-video.jpg)
_fox-spirit-matchmaker-red-moon-pact-2024-episode-18-english-sub.jpg)
![[+]](/images/menu.gif){kind=small}