_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 clip 18 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
_dell-technologies-surpasses-expectations-boosts-full-year-revenue-guidance-as-ai-optimized-server-orders-drive-growth.webp "Dell Technologies exceeded analysts' expectations for fiscal first-quarter revenue and earnings and raised its full-year revenue guidance. Dell's AI-optimized server orders increased significantly but the company's gross margins declined due to competitive pricing and a higher mix of AI servers. Dell's AI server backlog is primarily made up of orders for Nvidia-based servers as the company works through supply chain issues. The backlog also includes large cloud customers. Extended trading saw Dell's stock price drop over 18% following the earnings call.")
_revenge-of-the-nerds-1984-clip-18-wonder-joints.webp "JoohnMovieClips")
_clip-18.webp "Nhi Beauty Spa")
_wonderful-precure-ep-18.webp "Watch Wonderful Precure Ep 18 Only On Animia.tv!!<br/>https://animia.tv/anime/info/171030<br/>New Episode Every Sunday.<br/>Watch Latest Anime Episodes Only On Animia.tv in Ad-free Experience. With Auto-tracking, Keep Track Of All Anime You Watch.<br/>Visit Now @animia.tv<br/>Join our discord for notification of new episode releases: https://discord.gg/Pfk7jquSh6")
_pop-clip-18.webp "Hit The Spot")
_18-7-deadly-sins-full-movie.webp "7 Deadly Sins - Full Movie")
_snake-boy-124-ep-22-124-season-two.webp "CLAM VEVO")
_luimelia77-clip-18.webp "1Love 2Love")
_dell-technologies-surpasses-expectations-boosts-full-year-revenue-guidance-as-ai-optimized-server-orders-drive-growth.jpg)
_revenge-of-the-nerds-1984-clip-18-wonder-joints.jpg)
_clip-18.jpg)
_wonderful-precure-ep-18.jpg)
_pop-clip-18.jpg)
_18-7-deadly-sins-full-movie.jpg)
_snake-boy-124-ep-22-124-season-two.jpg)
_luimelia77-clip-18.jpg)
![[+]](/images/menu.gif){kind=small}