_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 halka ai 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
_9234.webp "Ghazal 2000")
_ai-summit-shows-light-hearted-ways-technology-can-make-life-easier-for-humans.webp "Technology can improve and transform our daily lives. Miniature artificial soccer robots, humanoid robots answering trivia questions, and bionic cats and dogs are just some of the examples on show at the summit. Buzz60’s Chloe Hurst has the story!")
_is-our-boat-engine-in-trouble-ep-177-marineengine-engineroom.webp "Ship Happens")
_exit-poll-2024-live-updates-542-live-124-nda-vs-india-124-exitpollonzee.webp "Zee Business")
_india-tv-exit-poll-2024-live-124-nda-vs-india-124-pm-modi.webp "IndiaTV")
⏲
_love-mashup-124-the-love-mashup-124-music-world-124-romantic-hindi-love-mashup-2024.webp "Music World")
⏲ 1 hour 36 minutes 29 seconds 👁 567
_highlights-from-39imagination-in-action-davos-2024-bold-actions-global-progress39.webp "Imagination in Action Davos 2024, a convergence of global visionaries and innovators, took place on January 17, 2024 in Davos, Switzerland. This event, harmonizing with the World Economic Forum's Annual Meeting, highlighted a dynamic assembly of change-makers and business leaders, complemented by technology and science leadership at MIT.")
_skibidi-toilet-74.webp "DaFuq!?Boom!")
_9234.jpg)
_ai-summit-shows-light-hearted-ways-technology-can-make-life-easier-for-humans.jpg)
_is-our-boat-engine-in-trouble-ep-177-marineengine-engineroom.jpg)
_exit-poll-2024-live-updates-542-live-124-nda-vs-india-124-exitpollonzee.jpg)
_india-tv-exit-poll-2024-live-124-nda-vs-india-124-pm-modi.jpg)
_love-mashup-124-the-love-mashup-124-music-world-124-romantic-hindi-love-mashup-2024.jpg)
_highlights-from-39imagination-in-action-davos-2024-bold-actions-global-progress39.jpg)
_skibidi-toilet-74.jpg)
![[+]](/images/menu.gif){kind=small}