Salesforce
2024 - 5 - 30Salesforce Drama Unraveled: From Plummeting Stocks to Customer Acquisition Challenges
salesforce share price AI Technology - Cloud Software - Market Trends - Salesforce - Tech Industry - salesforce share priceDiscover the rollercoaster ride of Salesforce with plummeting stocks and customer acquisition hurdles. Will Salesforce bounce back from its revenue miss? Find out!
Salesforce, the software giant, is facing turbulent times as its stock prices dropped by a staggering 16% in extended trading. This plummet came after Salesforce announced a single-digit sales growth outlook, a first in its history. The company's shares took a hit due to slower sales growth projected for the current quarter, the slowest ever seen. Additionally, Salesforce experienced its first revenue miss since 2006, leading to a significant plunge in its stock value.
The cloud demand softness further exacerbated Salesforce's woes, with the company forecasting second-quarter profit and revenue below Wall Street estimates. This disappointing outlook was attributed to weak client spending on cloud services and enterprise solutions. Despite topping earnings estimates for the first quarter of fiscal 2025, Salesforce struggled as revenue failed to meet expectations, resulting in a grim revenue guidance that fell short of market hopes.
While Salesforce grapples with these challenges, consumers' behavior sheds light on their preference for saving big moments for later in 2024. The trend indicates that shoppers are anticipating discounts in Q4, impacting the current sales climate. Moreover, new customer acquisition poses additional hurdles, with costs on the rise, partially attributed to the upcoming election.
In a nutshell, Salesforce's recent struggles highlight the unpredictability of the software industry and the ongoing battle to meet market demands. As the company navigates through this rough patch, all eyes are on its future strategies to regain market confidence and drive growth.
Salesforce drops on first-ever single digit sales growth outlook (The Business Times)
SALESFORCE dropped about 16 per cent in extended trading after the software maker said sales growth in the current quarter will stall to the slowest in its ...
Salesforce shares plunge 16% on first revenue miss since 2006 (CNBC)
Salesforce shares plunge 16% on first revenue miss since 2006 · Salesforce's quarterly forecast fell short of expectations. · Revenue grew 11% from a year earlier ...
Salesforce shares tumble as soft cloud demand hurts forecasts (CNA)
Salesforce forecast second-quarter profit and revenue below Wall Street estimates on Wednesday due to weak client spending on its cloud and enterprise ...
Salesforce Stock Tanks On Weak Guidance Amid Hopes For ... (Investor's Business Daily)
Salesforce stock fell after Q1 Salesforce earnings topped estimates while revenue missed. Revenue guidance came in well below expectations.
4 Key Takeaways From Salesforce's Earnings Call (Investopedia)
After Salesforce (CRM) reported revenue for the first quarter of fiscal 2025 that missed analysts' estimates and offered weaker-than-expected guidance for ...
Salesforce (CRM) Q1 2025 Earnings Call Transcript (Motley Fool)
Questions and Answers; Call Participants. Prepared Remarks: Operator. Welcome to Salesforce's fiscal 2025 first quarter results conference call. All lines have ...
Salesforce: Shoppers are saving their big moments for later in 2024 (MarTech)
Consumers are waiting for discounts in Q4 and new customers are more expensive to acquire (thanks in part to the election).
Double-digit growth continues to drive profitability for Salesforce in Q1 (TechMarketView)
Salesforce has announced results for its first quarter of 2024 (ending 30 April 2024), showing Q1 revenue up 11% year-over-year in constant currency to ...
Salesforce plummets as weak forecast sparks concern of AI ... (CNA)
Salesforce shares sank 16 per cent before the bell on Thursday after its lowest quarterly revenue growth forecast on record raised fears that high interest ...
Stock Market News, May 29, 2024: Dow Drops More Than 400 ... (The Wall Street Journal)
Salesforce stock tumbled Wednesday after the business-software provider reduced its outlook for subscription and support revenue, and issued a downbeat ...
We're cutting our price target on Salesforce after mixed earnings ... (CNBC)
Salesforce shares sank more than 16% Wednesday after reporting mixed earnings and revised guidance lower. The cloud software company is a high-quality stock ...
Salesforce plummets as weak forecast sparks concerns of AI ... (CNA)
Salesforce shares sank 16 per cent before the bell on Thursday after its lowest-ever quarterly revenue growth forecast raised fears that high interest rates ...
Salesforce's 'increasingly visible' weakness could spur a stock drop ... (Morningstar.com)
By Emily Bary. Salesforce's stock sinks as the company has investors rethinking its growth outlook. Investors searching for more reason to be cautious about ...
Salesforce shares tumble 19%, on pace for worst day since 2004 (CNBC)
Salesforce shares fell 19% Thursday morning after the company released weaker-than-expected fiscal first-quarter results on Wednesday. · Analysts said broader ...
Salesforce Shares Plunge by Most Since 2008 After Weak Outlook (Yahoo Finance)
(Bloomberg) -- Salesforce Inc. shares slid by the most in almost two decades after projecting the slowest quarterly sales growth in its history, ...
Salesforce (Deloitte)
We provide Salesforce solutions and partnerships to help you build brand loyalty, better customer relationship and sales processes, improving business ...
US stock markets: Salesforce shares tumble about 20% on weak ... (Livemint)
It expects second quarter revenue between $9.20 billion and $9.25 billion. San Francisco-based Salesforce kept its fiscal year 2025 revenue forecast unchanged.
Salesforce Shares Plunge by Most Since 2008 After Weak Outlook (Yahoo Finance)
(Bloomberg) -- Salesforce Inc. shares slid by the most in almost two decades after projecting the slowest quarterly sales growth in its history, ...
Salesforce Q1 Earnings: CEO Benioff Calls AI Models Commodities ... (CRN)
Salesforce 1Q earnings feature CEO Marc Benioff weighing in on CRM, AI, GenAI, Slack and more.
Ethical AI in Salesforce: Architecting responsible technology (FinTech Global)
The integration of artificial intelligence (AI) within the Salesforce ecosystem is revolutionizing business-customer interactions and operations management.
Salesforce spins itself as an AI revolution winner as Wall Street ... (Financial Times)
Not many publishers are buying chief executive's narrative of the advantages to his group as a result of the technology.
Salesforce Darkens the Skies for Cloud Software as AI Threat Looms (The Wall Street Journal)
Growth slows as big deals are taking longer to close and artificial-intelligence hype isn't yet paying off.
Salesforce stock value plummets, company loses nearly $50B in ... (KTVU San Francisco)
San Francisco-based tech company Salesforce lost tens of billions in valuation this week, all after the company showed less-than-impressive growth in a ...
Decoding Salesforce Inc (CRM): A Strategic SWOT Insight (Yahoo Finance Australia)
Comprehensive enterprise cloud computing solutions with a strong emphasis on customer relationship management. Strategic investments and innovation in AI and ...
Salesforce's stock suffers its biggest drop in two decades (Morningstar.com)
By Emily Bary. Salesforce shares sink as the company has investors rethinking its growth outlook. Investors searching for more reasons to be cautious about ...
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