_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 play video in d drive 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
_play-videos-from-google-drive-with-vlc.webp "sfdsdfsdfsdfful")
_suspended-jds-mp-prajwal-revanna-detained-at-bengaluru-airport-124-what39s-next-oneindia-news.webp "In a significant development, suspended JD(S) MP Prajwal Revanna was brought to the CID office in Bengaluru on May 31st following his return to India. Security has been heightened outside the CID office as Revanna faces questioning by SIT authorities in connection with the 'obscene videos' case. Stay tuned for more updates on this unfolding story. <br/> <br/>#PrajwalRevanna #PrajwalRevannaCase #PrajwalRevannaDetained #PrajwalRevannaVideo #KarnatakaPolitics #BengaluruAirport #PrajwalRevannaJDS #Oneindia<br/>~PR.274~ED.102~GR.125~")
⏲ 3:1 👁 2.2M
_how-to-move-music-pictures-videos-desktop-folders-to-another-drive-windows-10-amp-11-2024.webp "GMODISM")
⏲ 2 minutes 6 seconds 👁 7.7K
_how-to-safely-move-programs-from-c-drive-to-d-drive-124-move-apps-from-c-drive-to-d-drive.webp "AOMEI")
⏲ 3 minutes 56 seconds 👁 359.8K
_mcdonald39s-drive-thru-prank-kids-pretend-play-124-famoustubekids.webp "FamousTubeFamily")
_tesla-fsd-supervised-has-improved-massively-join-us-for-a-drive-with-v12-3-6.webp "Out of Spec Reviews")
⏲ 47 minutes 46 seconds 👁 5.8K
_under-investing-in-mag-7-could-mean-big-trouble---strategist.webp "With Nvidia's (NVDA) earnings failing to drive markets the way investors had hoped, Commerce Street Capital CEO Dory Wiley joins Market Domination to share his market outlook and discuss how investors should position themselves within the Big Tech sector.<br/>Wiley highlights the importance of Nvidia's earnings: \")
_uconnect-play-videos-from-usb-drive-in-chrysler-jeep-dodge-ram-124-uconnect-8-4-tutorial-and-tips.webp "Eric Underwood")
⏲ 10 minutes 20 seconds 👁 28.2K
_play-videos-from-google-drive-with-vlc.jpg)
_suspended-jds-mp-prajwal-revanna-detained-at-bengaluru-airport-124-what39s-next-oneindia-news.jpg)
_how-to-move-music-pictures-videos-desktop-folders-to-another-drive-windows-10-amp-11-2024.jpg)
_how-to-safely-move-programs-from-c-drive-to-d-drive-124-move-apps-from-c-drive-to-d-drive.jpg)
_mcdonald39s-drive-thru-prank-kids-pretend-play-124-famoustubekids.jpg)
_tesla-fsd-supervised-has-improved-massively-join-us-for-a-drive-with-v12-3-6.jpg)
_under-investing-in-mag-7-could-mean-big-trouble---strategist.jpg)
_uconnect-play-videos-from-usb-drive-in-chrysler-jeep-dodge-ram-124-uconnect-8-4-tutorial-and-tips.jpg)
![[+]](/images/menu.gif){kind=small}