Salesforce Stock Falls Amid Weak Q1 Sales and Growth Outlook

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Source: CNBC
Salesforce Stock Falls Amid Weak Q1 Sales and Growth Outlook
Photo: CNBC
TL;DR Summary

Salesforce CEO Marc Benioff discussed the company's first revenue miss since 2006, attributing it to a "measured" post-pandemic buying environment for enterprise software. Despite weaker-than-expected guidance and a revenue of $9.13 billion, Benioff highlighted the company's strong cash flow, margins, and advancements in AI capabilities for customers.

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