Salesforce Stock Sinks on Revenue Miss, Weak Outlook [Video]

Salesforce (CRM) shares tumbled over 17% in extended trading Wednesday after the customer relationship management (CRM) company reported fiscal first-quarter revenue below analysts’ estimates and provided weaker-than-expected guidance.

Salesforce reported revenue of $9.13 billion for the fiscal first quarter of 2025, up 11% from the year-ago period, and below analysts’ expectations, according to estimates compiled by Visible Alpha.

Net income came in at $1.53 billion or $1.56 per share, versus $199 million or 20 cents per share reported in the same period a year prior, beating analysts’ projections.

The company projected second-quarter revenue to be between $9.2 billion and $9.25 billion, below the $9.35 billion analysts expected. Salesforce maintained its previously announced full-year revenue guidance of between $37.7 billion to $38 billion.

Salesforce CEO Marc Benioff highlighted the company’s position to gain from the artificial intelligence (AI)era, saying it’s “the beginning of a massive opportunity for our customers to connect with their customers in …