Bret Taylor Promoted to Vice Chair and Co-CEO of Salesforce

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Go back to Bret Taylor Promoted to Vice Chair and Co-CEO of Salesforce

Salesforce (CRM) Shares Plunge on Weaker Profit Guidance, Bull Thesis Remains Intact Says Analyst

December 1, 2021 7:07 AM EST

Shares of Salesforce (NYSE: CRM) are down 7% in pre-open Wednesday after the company reported Q3 results and guidance.

Salesforce reported EPS at $1.27 to top the analyst estimate of $0.92. Revenue came in at $6.86 billion, again higher than the $6.79 billion consensus.

We delivered another phenomenal quarter, fueling strong revenue growth, margin and cash flow. Salesforce is more relevant and strategic than ever as every company accelerates their digital transformation journey, said Marc Benioff, Chair and CEO of Salesforce.

However, Salesforce shares were... More