_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 miss 2017 france 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
_miss-france-2017-trailer.webp "Beauty Pageant Production")
_chika-minute-express-black-wedding-sa-92.webp "24 Oras is GMA Network’s flagship newscast, anchored by Mel Tiangco, Vicky Morales and Emil Sumangil. It airs on GMA-7 Mondays to Fridays at 6:30 PM (PHL Time) and on weekends at 5:30 PM. For more videos from 24 Oras, visit http://www.gmanews.tv/24oras.<br/><br/>#GMAIntegratedNews #KapusoStream<br/><br/>Breaking news and stories from the Philippines and abroad:<br/>GMA Integrated News Portal: http://www.gmanews.tv<br/>Facebook: http://www.facebook.com/gmanews<br/>TikTok: https://www.tiktok.com/@gmanews<br/>Twitter: http://www.twitter.com/gmanews<br/>Instagram: http://www.instagram.com/gmanews<br/><br/>GMA Network Kapuso programs on GMA Pinoy TV: https://gmapinoytv.com/subscribe")
_up-close-miss-universe-france-iris-mittenaere.webp "Miss Universe")
_wait-for-it.webp "Clown Planet")
_iris-mittenaere-at-miss-france-2018-pageant.webp "kheliany")
_passage-iris-mittenaere-jt-13h-tf1-16-03-17.webp "Support Iris Mittenaere")
_we-rewatched-39chicago-p-d-39s39-first-big-upton-episode-and-we39re-really-going-to-miss-tracy-spiridakos.webp "\")
⏲ 1:6 👁 10.4M
_miss-france-2006-sacre-d39alexandra-rosenfeld.webp "Miss France Officiel")
_miss-france-2017-trailer.jpg)
_chika-minute-express-black-wedding-sa-92.jpg)
_up-close-miss-universe-france-iris-mittenaere.jpg)
_wait-for-it.jpg)
_iris-mittenaere-at-miss-france-2018-pageant.jpg)
_passage-iris-mittenaere-jt-13h-tf1-16-03-17.jpg)
_we-rewatched-39chicago-p-d-39s39-first-big-upton-episode-and-we39re-really-going-to-miss-tracy-spiridakos.jpg)
_miss-france-2006-sacre-d39alexandra-rosenfeld.jpg)
![[+]](/images/menu.gif){kind=small}