_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 why there is unemployment in india 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
_9234odds-higher-than-you-think9234-jamie-dimon-warns-u-s-economy-heading-towards-stagflation.webp "Valuetainment")
⏲ 10 minutes 39 seconds 👁 116.1K
_parris-campbell-on-why-he-signed-with-the-eagles.webp "Parris Campbell on why he signed with the Eagles")
_unemployment-benefits-the-99ers.webp "CBS News")
_how-to-deal-with-unemployment-124-self-improvement-speech-by-jordan-peterson.webp "BTY 365")
⏲ 4 minutes 32 seconds 👁 26.7K
_brutal-job-search-reality-for-older-americans-out-of-work.webp "PBS NewsHour")
_the-damage-will-be-incalculable.webp "Game of Trades")
_nigel-farage-why-is-reform-founder-not-standing-as-mp-in-the-upcoming-general-elections.webp "Nigel Farage: Why is Reform founder not standing as MP in the upcoming General Elections? from why there is unemployment in india")
⏲ 1:12 👁 12.6M
_aging-unemployed-americans-struggle-to-find-work.webp "CBS News")
_9234odds-higher-than-you-think9234-jamie-dimon-warns-u-s-economy-heading-towards-stagflation.jpg)
_parris-campbell-on-why-he-signed-with-the-eagles.jpg)
_unemployment-benefits-the-99ers.jpg)
_how-to-deal-with-unemployment-124-self-improvement-speech-by-jordan-peterson.jpg)
_brutal-job-search-reality-for-older-americans-out-of-work.jpg)
_the-damage-will-be-incalculable.jpg)
_nigel-farage-why-is-reform-founder-not-standing-as-mp-in-the-upcoming-general-elections.jpg)
_aging-unemployed-americans-struggle-to-find-work.jpg)
![[+]](/images/menu.gif){kind=small}