Salesforce's Earnings Beat Overshadowed by Disappointing Guidance and Weak Cloud Demand
TL;DR Summary
Salesforce's stock slipped in after-hours trading despite beating revenue and earnings estimates, announcing a dividend and a $10 billion stock buyback program. The company's tepid fiscal 2025 revenue guidance overshadowed its positive results, with CEO Marc Benioff emphasizing the importance of AI and the upcoming launch of the Einstein AI Copilot. Despite a strong performance over the past year, analysts were cautiously optimistic about Salesforce's outlook.
- Salesforce’s disappointing guidance overshadows earnings beat, stock slips 4% MarketWatch
- Salesforce beats on earnings but forecasts single-digit revenue growth for the year CNBC
- Tech Earnings: Salesforce, C3.ai, Snowflake, and Others Report Today Barron's
- Salesforce sees annual revenue below estimates on weak cloud demand Yahoo Finance
- Salesforce Non-GAAP EPS of $2.29 beats by $0.02, revenue of $9.29B beats by $70M (NYSE:CRM) Seeking Alpha
Reading Insights
Total Reads
0
Unique Readers
11
Time Saved
1 min
vs 2 min read
Condensed
82%
362 → 66 words
Want the full story? Read the original article
Read on MarketWatch