Salesforce's Growth Ambitions Are Stymied By Unpredictable AI Headwinds
salesforce(CRM) The Motley Fool·2024-06-19 11:25
The extent and timing of the enterprise market's embrace of the company's AI cloud software are uncertain.Salesforce's (CRM 0.58%) uninspiring first-quarter earnings, reported on May 30, startled investors, who expressed their displeasure by driving the stock down 20% -- the worst single-day price decline in the company's 20-year history.The company's revenue miss and weak guidance were cause for concern. But the more significant story is the onset of forces impacting the company that are as unpredictable a ...