Salesforce, Inc.

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Investigation Details

On May 29, 2024, Salesforce reported its fiscal Q1 2025 financial results. In pertinent part, Salesforce’s reported $9.13 billion in revenue came in below the midpoint of its previously issued guidance range and the current remaining performance obligation growth rate—a key bookings metric—came in below the company’s outlook. Salesforce also issued fiscal Q2 2025 revenue guidance of $9.2 to $9.25 billion, below consensus estimates.

Following this news, Salesforce’s stock price declined over 20%.