Salesforce reported first quarter results yesterday, slightly missing revenue consensus while issuing second quarter sales guidance also below expectations. The company reiterated its FY25 total revenue guidance range, but we also note that the language around full year subscription and support y/y growth shifted from “Approx 10%, Slightly Above 10% in CC” last quarter to “Slightly below 10%, Approx 10% CC” with this release. On the back of this news around a softer top line, the stock has fallen approximately 20% today. Read more>>
