_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 blue performance mov 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
_legend-of-the-blue-sea-ep-29-hindi-dubbed.webp "Legend Of The Blue Sea EP.29 Hindi Dubbed from blue performance mov")
_mlb-game-previews-blue-jays-vs-baltimore-orioles-amp-more.webp "MLB Game Previews: Blue Jays vs Baltimore Orioles & More from blue performance mov")
_goodbye-blue-sky-mov.webp "From the live performance of Tear Down The Wall March 28th, 2014 at the Al Ringling Theater in Baraboo, WI. Created and performed by Artists Alive, Inc., as a vehicle to get children involved in performing arts and provide funding for children's music and arts education.")
_nsw-blues-training-at-blue-mountains-grammar-school.webp "Students at Blue Mountains Grammar School had a sideline seat to watch the NSW Blues training ahead of Origin game 1 on June 5, 2024.")
_just-try-to-merge-rocks-to-island-mov.webp "There are many stories in Iceland of old women who leave their homes for the rocky mountains and gradually turn to stone. I read these stories and saw them as a joyful parable of graduation from daily responsibilities to a time of reveling in the beauty of crystals and rock formations. This collection of videos is part of a larger exploration of nature and myth. nWhen we are far from a city, we say, “we are in the middle of nowhere”, even when we are is amidst the teeming, infinite diversity")
_05-the-double-2024-ep-5-full-hd.webp "墨雨云间05 - The Double (2024) EP.5 Full HD from blue performance mov")
_watchdog-launches-formal-investigation-as-vet-bills-double-since-2015.webp "Are medical bills for our pets becoming too expensive? As the CMA launches an investigation into the veterinary sector, charities like the Blue Cross, welcome the decision.")
_marina-caputo-2023-horsemanship-video-vs-cruisin-blue-mov.webp "Green in HorsemanshipnHorsemanship Maneuvers, October 2021nSullivan Performance Horses, Duvall, WA")
_legend-of-the-blue-sea-ep-29-hindi-dubbed.jpg)
_mlb-game-previews-blue-jays-vs-baltimore-orioles-amp-more.jpg)
_goodbye-blue-sky-mov.jpg)
_nsw-blues-training-at-blue-mountains-grammar-school.jpg)
_just-try-to-merge-rocks-to-island-mov.jpg)
_05-the-double-2024-ep-5-full-hd.jpg)
_watchdog-launches-formal-investigation-as-vet-bills-double-since-2015.jpg)
_marina-caputo-2023-horsemanship-video-vs-cruisin-blue-mov.jpg)
![[+]](/images/menu.gif){kind=small}