_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 05 miss ca 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
_10-things-about-90s-movies-everyone-misses-today.webp "It was a great decade, but where did these classic cliches go?")
_general-hospital-05-27-2024-full-new-720hd-124124-abc-gh-general-hospital-27th-may-2024.webp "General Hospital 05-27-2024 FULL NEW 720HD || ABC GH - General Hospital 27th, May 2024 from 05 miss ca")
⏲ 35:26 👁 4.2M
_funny-animals-2024.webp "Thanks for watching the video my friends. <br/>if you like these kinds of videos please follow our channel<br/>like it and share it with my friends.<br/>have a nice day and a big smile.")
_very-funny-animals-part-7-dont-miss-it.webp "Thanks for watching the video I hope it makes you smile my friends. <br/>If you like these kinds of videos PLEASE FOLLOW OUR CHANNEL<br/>and LIKE and SHARE It, my friends.<br/>Have a Nice Day")
_miss-you-nights-by-cliff-richard-live-performance-1984.webp "Rock In Australia 1984")
_best-buy39s-q1-earnings-disappoint-on-revenue-miss-amid-soft-demand-for-consumer-electronics.webp "Best Buy reported fiscal first quarter earnings that missed revenue estimates but beat on EPS and reaffirmed full-year guidance. Comparable sales and online sales fell over 6% overall as demand for consumer electronics remained soft. Profits were supported by cost-cutting measures like layoffs and trimmed capital expenditures. The company expects sales trends to improve over the next 3 quarters gradually but macro headwinds from inflation remain a challenge. Shares jumped 10% on the results.")
⏲ 0:32 👁 260K
_car-narrowly-misses-shoppers-after-plunging-into-window-near-newcastle-nsw.webp "The 73-year-old driver's Ford Falcon XR6 crashed into a haberdashery on Friday May 24, 2024, at Swansea, near Lake Macquarie, NSW.")
_swallowed-star-ep-121-sub-indo-ca-3d.webp "Swallowed Star Ep 121 Sub Indo CA-3D from 05 miss ca")
_10-things-about-90s-movies-everyone-misses-today.jpg)
_general-hospital-05-27-2024-full-new-720hd-124124-abc-gh-general-hospital-27th-may-2024.jpg)
_funny-animals-2024.jpg)
_very-funny-animals-part-7-dont-miss-it.jpg)
_miss-you-nights-by-cliff-richard-live-performance-1984.jpg)
_best-buy39s-q1-earnings-disappoint-on-revenue-miss-amid-soft-demand-for-consumer-electronics.jpg)
_car-narrowly-misses-shoppers-after-plunging-into-window-near-newcastle-nsw.jpg)
_swallowed-star-ep-121-sub-indo-ca-3d.jpg)
![[+]](/images/menu.gif){kind=small}