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CRM INVESTOR NEWS: Salesforce, Inc. Investors that Suffered Losses are Encouraged to Contact BFA Law about a Potential Class Action Lawsuit for Securities Fraud (NYSE:CRM)
salesforcesalesforce(US:CRM) GlobeNewswire News Room·2024-08-12 10:09

Core Insights - Salesforce, Inc. is under investigation by Bleichmar Fonti & Auld LLP for potential violations of federal securities laws [1] - The company's fiscal Q1 2025 results showed revenue of $9.13 billion, which was below the midpoint of its guidance range, leading to a stock price decline of over 20% [2] - Salesforce's fiscal Q2 2025 revenue guidance of $9.2 to $9.25 billion is also below consensus estimates, raising concerns about the company's sales execution and customer buying environment [2] Financial Performance - Salesforce reported $9.13 billion in revenue for fiscal Q1 2025, which was below the midpoint of its previously issued guidance [2] - The growth rate of remaining performance obligations, a key bookings metric, was also below the company's outlook [2] - The guidance for fiscal Q2 2025 revenue is projected to be between $9.2 billion and $9.25 billion, which is lower than market expectations [2] Legal Implications - Bleichmar Fonti & Auld LLP is investigating whether Salesforce and its executives made materially false or misleading statements regarding the company's performance and sales execution [2] - Investors who suffered losses are encouraged to submit their information to the law firm for potential legal options [3]