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Mark Beniof, Chairman and CEO of Salesforce, performing on the CNBC Squawk box outside the World Economic Forum in Devos, Switzerland, January 22, 2025.
Jerry Miller | Cnbc
Seller The stock decreased by approximately 3%, despite the fact that they led fiscal estimates in the first quarter of Wall Street and raising your full years of guide with -ww Artificial intelligence Tail winds.
Customer sales and service giant said he is now expected from $ 11.27 to $ 11.33 from adjusted earnings and $ 41.0 billion to $ 41.3 billion. It’s with The previous guide This called for an adjusted EPS from $ 11.09 to $ 11.17 and 40.5 billion to $ 40.9 billion.
“The results of Q1, although not changing the game, indicate a stable demand environment, with a constant force in the new product of the AgentForce product,” writes Citi Tyler analyst.
SalesForce results come every other day after announcement of the company His intention to buy Company of Management data Infortatica For $ 8 billion, as it increases its proposals by AI. The deal would have been the largest acquisition of the company since its A weak deal.
JPMorgan analyst Mark Murphi attributed that some after the profit went to a slight pass, when in the second quarter the current growth of productivity commitments, which, he said, came in 30 basic points below the expectations of Wall Street. The company also posted a small operating Miss, he added.
“After a few quarters of blows/lifted, a minor Miss and re -repetition are the choice of print,” said Keith Weiss Morgan Stanley.
Despite the optimal results, the RBC capital markets lowered the shares to perform the sector at the superior, citing the risk and problems with innovation when the company continues to acquire. Analysts They also questioned the company’s need for Informatica and whether it could interfere with its main case.
“Retreating back, while we like the margin enlargement history in Salesforce and the evaluation is unpretentious, the risk with Informatica tilted the scale for us,” said analyst Rishi Jaluria.
The last tariff uncertainty caused great volatility for technology companies that depend on the goods imported from the border. Weiss called the results “better than he was afraid” against a stormy background.
“With the concern of Macroman and the potential of the recession, it is nice once again when the company delivers a quarter without a visible macroe effect,” said Bernstein Mark Mordler.
Net income was equal to $ 1.54 billion or $ 1.59 per share per year. A year ago, net profit reached $ 1.53 billion, or $ 1.56 per share.
Adjustable profits for the first quarter amounted to $ 2.58 per share, adjusted, heading $ 2.54 from LSEG. Revenues increased by almost $ 7.6% a year ago to $ 9.83 and won $ 9.75 billion.
