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Salesforce Gives Weak Sales Outlook With Slowdown Fears Growing
(Bloomberg) -- Salesforce Inc. gave a sales outlook for the current quarter that missed estimates, fueling concerns of a growth slowdown at the software giant. The shares fell 14% in extended trading.Most Read from BloombergWorld’s Largest Nuclear Plant Sits Idle While Energy Needs Soar‘Not Gonna Be Pretty:’ Covid-Era Homebuyers Face Huge Rate JumpWarning Signals Are Flashing for Homeowners in Texas and FloridaWall Street Returns to T+1 Stock Trading After a CenturyNew BYD Hybrid Can Drive Non-S
(Bloomberg) -- Salesforce Inc. gave a sales outlook for the current quarter that missed estimates, fueling concerns of a growth slowdown at the software giant. Revenue will increase about 8% to as much as $9.25 billion in the period ending in July, the San Francisco-based company said Wednesday in a statement. Investors have been concerned about Salesforce’s sliding sales growth over the past year as the company turned its attention to improving profit.
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