Salesforce Sees FY25 Revenue $37.7B-$38.0B vs $38.62B Est.
Portfolio Pulse from Benzinga Newsdesk
Salesforce projects its FY25 revenue to be between $37.7 billion and $38.0 billion, which is below the estimated $38.62 billion.
February 28, 2024 | 9:03 pm
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NEGATIVE IMPACT
Salesforce's projected FY25 revenue is below market expectations, indicating potential short-term pressure on its stock price.
Salesforce's revenue projection falling short of market estimates typically leads to negative investor sentiment in the short term. This can result in downward pressure on the stock price as investors adjust their expectations based on the new forecast.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100