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Salesforce Stock Moves Lower After Sales Guidance DisappointsKey Levels to Watch [Video]

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Marketing Platforms and CRM

Cloud-based software maker Salesforce (CRM) surpassed Wall Street’s quarterly earnings expectations, announced its first ever dividend, and increased its share buyback program, but the company’s share price moved lower ahead of Thursday’s opening bell as its sales outlook disappointed investors.

The seller of customer relationship management software said it sees fiscal first-quarter revenue totaling between $9.12 billion and $9.17 billion. The median of that range comes in slightly below the $9.15 billion analysts had expected. The company expects 2025 fiscal year revenue of $37.7 billion to $38.0 billion, with the upper end of that band falling short of the $38.62 billion consensus. Moreover, the forecast midpoint implies top-line growth of just 8.6% from the 2024 fiscal year.

Salesforce’s chief financial officer Amy Weaver told analysts on the company’s earnings call that the full-year guidance accounts for foreign exchangepressures and continued weakness in professional services, adding that the forecast reflects a more measured buying …

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