Salesforce shares slumped about 18% on Thursday, after its lowest-ever quarterly revenue growth forecast raised fears that high interest rates and rival AI offerings were hampering demand at the cloud-based software firm.The company could lose more than $48bn in market value if losses hold, as it also reported quarterly revenue that was below expectations for the first time since 2006.“Weak bookings in Q1 further test investor patience as the GenAI [generative AI] innovation cycle has yet to inflect top-lin ...

Key PointsSalesforce stock plunged following tepid guidance, opening up a once-in-a-lifetime opportunity for investors. The company is still growing and widening its margin, setting it up for robust capital return.Analysts are trimming targets, not dumping the stock so that a rebound could begin soon. 5 stocks we like better than SalesforceSalesforce NYSE: CRM stock went on sale following the Q1 release, providing investors a once-in-a-lifetime opportunity. It is not every day that a high-quality, industry- ...

Salesforce posted its first revenue miss since 2006, and the stock is sufferingSalesforce Inc (NYSE:CRM) stock is plunging this morning, last seen 18.5% lower to trade at $221.80, after the cloud software vendor disclosed a disappointing first-quarter earnings report. Salesforce reported its first quarterly revenue miss since 2006, issued weaker-than-expected guidance, and saw budget scrutiny and longer deal cycles for the quarter. Options traders are flooding CRM in response. So far, 54,000 calls and 59,00 ...

Salesforce (NYSE:CRM) stock is trending, and it is tumbling about 18% today. The pullback is coming after the tech giant’s second-quarter revenue guidance came in below analysts’ average estimate. As a consequence, a number of experts are questioning whether the firm can compete effectively in the artificial intelligence (AI) focused tech landscape.Salesforce develops and markets software for companies and governments.Salesforce’s Multiple MissesThe tech giant expects its sales to be between $9.2 billion an ...

Marc Benioff, co-chief executive officer of Salesforce.com Inc., speaks during a Bloomberg Television interview at the 2022 Dreamforce conference in San Francisco, California, US, on Thursday, Sept. 22, 2022. Benioff shared his excitement over data indicating a decrease in San Francisco's total homeless population. Photographer: David Odisho/Bloomberg via Getty ImagesShares of Salesforce tumbled more than 17% in premarket trading Thursday, putting the stock on pace for its worst day since 2008.The drop come ...

Salespeople live and die by commissions, which typically form a big chunk of how they are paid, so it’s no surprise that Salesforce paid a premium to buy a platform to manage this for customers more easily. Several months ago, it acquired Spiff, to help companies build out and manage incentive-based compensation schemes. Salesforce’s 10-Q filing with the SEC early Thursday finally reveals the price it paid: $419 million all-in.That price, described as acquisition date fair value, includes $374 million in ca ...

Financial Update Q1 FY25 NYSE: CRM @Salesforce_ir Safe Harbor "Safe harbor" statement under the Private Securities Litigation Reform Act of 1995: This presentation contains forward-looking statements about the Company's financial and operating results and guidance, which include, but are not limited to, expected GAAP and non-GAAP financial and other operating and non-operating results, including revenue, net income, earnings per share, operating cash flow growth, operating margin, expected revenue growth, e ...

Welcome to Salesforce's fiscal 2025 first quarter results conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you'd like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, again, press the star one. I would now like to hand the conference over to your speaker. Mike Spencer, Executive Vice President o ...

Key TakeawaysSalesforce shares plunged more than 16% in extended trade on Wednesday after the company reported its first quarterly revenue miss in 18 years and issued weak annual guidance.The Salesforce share price finds key support at $226 and $192 from key horizontal trendlines connecting prior price action.The cloud software maker’s current Remaining Performance Obligation (cRPO) metric, which combines deferred revenue and order backlog, indicates slowing momentum.Chief operating officer Brian Millham to ...

Salesforce, Inc. (NYSE:CRM) Q1 2025 Results Conference Call May 29, 2024 5:00 PM ET Company Participants Mike Spencer - EVP, Finance and Strategy, IR Marc Benioff - Chair and CEO Amy Weaver - President and CFO Brian Millham - President and COO Conference Call Participants Keith Weiss - Morgan Stanley Brad Sills - Bank of America Brent Thill - Jefferies Kirk Materne - Evercore ISI Karl Keirstead - UBS Raimo Lenschow - Barclays Kash Rangan - Goldman Sachs Mark Murphy - JPMorgan Operator Welcome to Salesforce' ...