Salesforce Posts Record Revenue but Soft Guidance Dampens Rally
Salesforce reported $11.1 billion in first-quarter revenue, a record for the cloud software company, and beat earnings estimates. However, its full-year outlook landed just below Wall Street expectations, tempering the initial rally in its stock price. The results highlight strong demand for its AI-powered Agentforce platform, but cautious guidance suggests headwinds ahead.
Key facts
- Salesforce reported $11.1 billion in first-quarter revenue.
- The company beat earnings estimates.
- Full-year guidance fell below Wall Street expectations.
- Soft guidance tempered the stock rally.
Entities
Institutions
- Salesforce
Sources
- Quartz —