Salesforce: Q4 Guidance Signals Continued Deceleration In Revenue Growth
Portfolio Pulse from
Salesforce's Q4 guidance indicates a continued deceleration in revenue growth, with subscription and support revenue growth projected to slow to 8.2% YoY. Despite missing EPS consensus, Salesforce rallied over 10% due to strong 3Q bookings and optimism around Agentforce.
December 06, 2024 | 9:30 am
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Salesforce's Q4 guidance shows a slowdown in revenue growth, with subscription and support revenue growth expected to decelerate to 8.2% YoY. Despite missing EPS consensus, the stock rallied over 10% due to strong 3Q bookings and optimism around Agentforce.
Salesforce's stock price increased by over 10% despite missing EPS consensus and projecting slower revenue growth in Q4. This rally is attributed to strong 3Q bookings and optimism around Agentforce, which is in its early adoption phase. The market's positive reaction suggests confidence in Salesforce's future prospects, outweighing concerns about decelerating revenue growth.
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