_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 10 18 16 11 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
_how-will-patriots-look-in-2026-otas-observations-w92-mike-giardi-124-pats-interference.webp "NFL reporter and multimedia star Mike Giardi returns to the pod to share his observations of Drake Maye, the Patriots' offensive line and young receivers at Wednesday's OTA practice. Later, the guys dive into what the Pats will look like in 2026 AKA Year 3 of the franchise's ongoing rebuild.<br/><br/>0:00 - Podcast return after vacation<br/>5:57 - Drake Maye's progress and potential<br/>8:30 - Versatility in cooking methods with new quarterbacks<br/>11:30 - Analysis of quarterback performance and potential<br/>16:38 - Concerns about playing Marcus Mariota<br/>18:51 - Drake Maye's reps in team periods<br/>24:26 - Great's engagement with the media<br/>26:10 - Adjusting to a new coaching style<br/>29:24 - Importance of managing media expectations<br/>32:47 - Observations on Tawon Thorton's performance<br/>34:46 - Javon Baker's potential and consistency<br/>37:38 - Speculations on the Patriots in 2026<br/>40:47 - Speculations on the Patriots' performance this year<br/>48:39 - Speculating on draft picks and player development<br/>52:46 - Predictions for future coaching changes and team strategy<br/><br/>Prize Picks! Get in on the excitement with PrizePicks, America’s No. 1 Fantasy Sports App, where you can turn your hoops knowledge into serious cash. Download the app today and use code CLNS for a first deposit match up to $100! Pick more. Pick less. It’s that Easy! Go to https://PrizePicks.com/CLNS<br/><br/>Gametime! Take the guesswork out of buying NBA tickets with Gametime. Download the Gametime app, create an account, and use code CLNS for $20 off your first purchase. Download Gametime today. Last minute tickets. Lowest Price. Guaranteed. Terms apply. Go to https://gametime.co !")
_find-the-mean-of-5111610-and-18-y5teaching.webp "Y5 Teaching")
_try-celebrations-during-tathras-headspace-mental-health-round.webp "Try celebrations during Tathra Sea Eagles’ headspace mental health rugby league round.")
_hasrat-episode-33-124-teaser-124-ary-digital-drama.webp "ARY Digital HD")
_phish-twist-w-bob-weir-10-18-16-nashville-tn.webp "LazyLightning55a")
_got-pregnant-with-ex-boss39s-baby.webp "Got Pregnant With Ex-Boss's Baby")
_how-will-patriots-look-in-2026-otas-observations-w92-mike-giardi-124-pats-interference.jpg)
_find-the-mean-of-5111610-and-18-y5teaching.jpg)
_try-celebrations-during-tathras-headspace-mental-health-round.jpg)
_hasrat-episode-33-124-teaser-124-ary-digital-drama.jpg)
_phish-twist-w-bob-weir-10-18-16-nashville-tn.jpg)
_got-pregnant-with-ex-boss39s-baby.jpg)
![[+]](/images/menu.gif){kind=small}