Salesforce beats on earnings but forecasts single-digit revenue growth for the year
Publishing timestamp: 2024-02-28 18:25:23
Summary
Salesforce's fiscal fourth quarter results beat estimates, but weak revenue guidance for fiscal 2025 caused initial stock drop. Company will start paying dividend. Revenue grew 10.8% year over year. Acquisition of sales commission software startup Spiff announced. Guidance for fiscal first quarter and 2025 provided. Analysts had mixed reactions to the news.
Sentiment: MIXED
Keywords: business, breaking news: technology, salesforce inc, earnings, business news, amazon.com inc, enterprise, breaking news: earnings, technology,
Source: https://www.cnbc.com/2024/02/28/salesforce-crm-q4-earnings-report-2024.html