_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 go ira 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
_cosmo-goes-to-gynepro-periodt.webp "We celebrated Menstrual Hygiene Day with @gynepro! We embraced our fun, fearless potential and were reminded that we can be limitless even during red days! #PERIODT")
_fidelity-roth-ira-for-beginners-124-step-by-step-tutorial.webp "Danny Sully")
_how-to-invest-with-a-roth-ira-2023-full-tutorial.webp "Charlie Chang")
_dont-run-away-on-netflixs-the-atypical-family.webp "Dive into the enchanting clip \")
_fidelity-roth-ira-tutorial-how-i39m-getting-a-51-return-on-investment.webp "Pilar Newman")
⏲ 11 minutes 30 seconds 👁 119.8K
_election-2024-vote-delhi-sidharth-malhotra-filmibeat.webp "Election 2024: Sidharth Malhotra Jets off to Delhi from Mumbai to Cast his Vote.Delhi has recorded 8.94% voter turnout till 9am. The voters in Delhi are exercising their right to vote today. Watch video to know more... <br/> <br/>#Election2024 #SidharthMalhotra#SidharthMalhotraSpotted<br/>~PR.133~ED.141~")
_you-need-to-know-this-before-opening-a-roth-ira.webp "Pennies Not Perfection")
_alina-pash-goira-lyric-video.webp "Alina Pash")
_cosmo-goes-to-gynepro-periodt.jpg)
_fidelity-roth-ira-for-beginners-124-step-by-step-tutorial.jpg)
_how-to-invest-with-a-roth-ira-2023-full-tutorial.jpg)
_dont-run-away-on-netflixs-the-atypical-family.jpg)
_fidelity-roth-ira-tutorial-how-i39m-getting-a-51-return-on-investment.jpg)
_election-2024-vote-delhi-sidharth-malhotra-filmibeat.jpg)
_you-need-to-know-this-before-opening-a-roth-ira.jpg)
_alina-pash-goira-lyric-video.jpg)
![[+]](/images/menu.gif){kind=small}