Salesforce Shares Dip on Soft Second Quarter Revenue Outlook
Salesforce projected second-quarter revenue between 11.27 billion and 11.35 billion dollars, falling slightly below analyst expectations. While first-quarter earnings and revenue beat estimates, investors remain cautious about the impact of AI tools on traditional software demand.
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SALESFORCE INC forecast second-quarter revenue between $11.27 billion and $11.35 billion, missing analyst estimates of $11.36 billion. The outlook overshadowed a first-quarter earnings beat where revenue rose to $11.13 billion. Investors fear generative AI tools from competitors could erode demand for traditional enterprise software seats.
