_salesforce-shares-plummet-18-as-q1-revenue-falls-short-of-estimates-here39s-why-analysts-are-still-optimistic.jpg "Salesforce Shares Plummet 18% as Q1 Revenue Falls Short of Estimates. Here's Why Analysts Are Still Optimistic from ai joge Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:41
👁 View: 695K times
✓ Published: 31-May-2024
👁 View: 695K times
✓ Published: 31-May-2024
Description:
Salesforce shares fell 18% after the company reported fiscal first-quarter revenue that missed estimates for the first time since 2006 and provided lighter-than-expected guidance. Revenue for the quarter increased 11% but still came in below analysts' estimates. Guidance also came in below estimates. Analysts said broader macroeconomic challenges impacted Salesforce's performance during the quarter more than expected. Execution issues and changes to their go-to-market strategy also played a role. Analysts remain optimistic about Salesforce's long-term prospects, especially around their investments in generative AI and how it could drive future growth.
Salesforce shares fell 18% after the company reported fiscal first-quarter revenue that missed estimates for the first time since 2006 and provided lighter-than-expected guidance. Revenue for the quarter increased 11% but still came in below analysts' estimates. Guidance also came in below estimates. Analysts said broader macroeconomic challenges impacted Salesforce's performance during the quarter more than expected. Execution issues and changes to their go-to-market strategy also played a role. Analysts remain optimistic about Salesforce's long-term prospects, especially around their investments in generative AI and how it could drive future growth.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_social-impact-and-ai-how-change-makers-can-harness-ai-for-good.webp "This conversation between tech industry and global health insiders about how AI will create opportunities to do good and how large companies can support those people. This conversation took place at Imagination In Action’s ‘Forging the Future of Business with AI’ Summit in April 2024. <br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.")
_jorge-arago-o-barraco-desabou.webp "Fulvio Moraes")
_jorge-amp-mateus-tem-que-sorrir-clipe-oficial-lbum-tudo-em-paz.webp "Jorge u0026 Mateus Oficial")
_investing-reimagined-in-an-ai-world.webp "This conversation between investing industry experts looks at how AI will upend the industry and what opportunities it presents for savvy professionals. This conversation took place at Imagination In Action’s ‘Forging the Future of Business with AI’ Summit in April 2024. <br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.")
_jorge-arago-falsa-considerao.webp "Radial by The Orchard")
_ai-summit-shows-light-hearted-ways-technology-can-make-life-easier-for-humans.webp "Technology can improve and transform our daily lives. Miniature artificial soccer robots, humanoid robots answering trivia questions, and bionic cats and dogs are just some of the examples on show at the summit. Buzz60’s Chloe Hurst has the story!")
_jorge-ferreira-as-beatas-ao-vivo-em-ponte-da-barca.webp "Jorge Ferreira")
_jorge-amp-mateus-a-gente-nem-ficou-dvd-ao-vivo-em-jurer-clipe-oficial.webp "Jorge u0026 Mateus Oficial")
⏲ 3 minutes 13 seconds 👁 40.1M
_social-impact-and-ai-how-change-makers-can-harness-ai-for-good.jpg)
_jorge-arago-o-barraco-desabou.jpg)
_jorge-amp-mateus-tem-que-sorrir-clipe-oficial-lbum-tudo-em-paz.jpg)
_investing-reimagined-in-an-ai-world.jpg)
_jorge-arago-falsa-considerao.jpg)
_ai-summit-shows-light-hearted-ways-technology-can-make-life-easier-for-humans.jpg)
_jorge-ferreira-as-beatas-ao-vivo-em-ponte-da-barca.jpg)
_jorge-amp-mateus-a-gente-nem-ficou-dvd-ao-vivo-em-jurer-clipe-oficial.jpg)
![[+]](/images/menu.gif){kind=small}