Salesforce forecasts second-quarter revenue below estimates

05/29/2024

Less than a minute

2024.05.29 16:18

© Reuters. Salesforce logo is seen near computer motherboard in this illustration taken January 8, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) – Business software maker Salesforce (NYSE:) forecast second-quarter revenue below Wall Street expectations on Wednesday, as customers lower their spending on its cloud and enterprise business products in an uncertain economy.

The company forecast revenue between $9.20 billion and $9.25 billion compared with estimates of $9.37 billion, according to LSEG data.

05/29/2024

Less than a minute

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