Salesforce's Earnings and Guidance Spark Mixed Reactions on Wall Street.
TL;DR Summary
Salesforce's stock fell 6% after the company reported a so-so quarter and reiterated its full-year sales outlook, citing more cautious spending by customers. However, the company's sales and margins came in ahead of analyst estimates, and its data cloud business maintained its 20% sales growth seen in the first quarter. Analysts had mixed reactions, with some calling Salesforce a "table pounder" and others maintaining a neutral rating. The company will hold an "AI Investor Day" on June 12, and is doubling down on AI with plans to integrate it into numerous areas of its product base.
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