Reported 4 months ago
Shares of Salesforce (NYSE: CRM) fell as the company issued weaker-than-expected second-quarter guidance, causing the stock to drop despite maintaining its full-year forecast. Salesforce's first-quarter revenue increased 11% year over year to $9.13 billion, with a focus on current remaining-performance obligations and Q2 guidance. While the weak outlook led to a stock price decline, the company's full-year forecast was kept. Despite short-term uncertainties, Salesforce's future growth potential through AI and acquisitions like Slack, MuleSoft, and Tableau still make it a strong long-term investment option despite the current dip.
Source: YAHOO