Salesforce second-quarter results topped Wall Street expectations, with adjusted profit of $1.19 per share coming 17 cents higher than estimates, and revenue at $7.72 billion slightly ahead of estimates of $7.70 billion. With a wealth of app features designed to engage, inform, connect, and generate revenue - we have a plan that’s right for you. Create amazing event apps easily and quickly without any coding. It also lowered the adjusted profit forecast to $4.71-$4.73.ĬFRA analyst John Freeman said he expects the company's large size to help it withstand the hit from lower client spending, adding that the stock repurchase plan was unlikely to significantly impact shares, given no clarity on timeline and the exact quantum of the buyback. Guidebook is the best mobile app-making platform for events, workshops, seminars and conferences. Fast, flexible, and visual insights for your businesses or accounting. The San Francisco, California-based company cut its revenue forecast to between $30.90 billion and $31.00 billion, below estimates of $31.73 billion as per IBES data from Refinitiv. The comprehensive solution for all your reporting and cash flow forecasting needs.
growth could hurt spending from small- and medium-sized businesses that use Salesforce products for managing customer relationships.Ĭloud software companies with significant operations outside of the United States, including Microsoft Corp (MSFT.O), Accenture Plc and IBM Corp (IBM.N), have all tempered their forecasts due to a stronger dollar. Minimize the back and forth with your customers so you can stay focused on what. we started seeing this in July," Chairman and Co-Chief Executive Officer Marc Benioff said in a conference call.Īnalysts had warned that macroeconomic factors such as inflation and slowing U.S. Hit your sales quota by driving more leads and simplifying how you. "We see customers becoming more measured in the way they buy.
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