Salesforce issues weak revenue guidance even as earnings beat estimates
Summary
Salesforce reported fiscal second-quarter results that beat analyst expectations on earnings and revenue. The company still issued softer-than-expected third-quarter guidance, which pushed the stock lower in after-hours trading. Management said Salesforce is facing pressure in marketing and commerce products and slower growth in its installed base. The company highlighted Agentforce AI adoption, raised its buyback authorization to $50 billion, and reaffirmed its plan to acquire Informatica for $8 billion.
Classifications
industries
Fintech & Banking
applications
Sales and Marketing
AskAI Classifications
Labels
SaaS
CRM Software
Enterprise Software
Linked Companies
Salesforce
$1B+