Key Takeaways Salesforce reported rising revenue and net income in the first fiscal quarter of 2025 from the year-ago period, though its revenue missed analysts' estimates.
Shares of Salesforce fell more than 17% in extended trading Wednesday following the release.
Salesforce (CRM) shares tumbled over 17% in extended trading Wednesday after the customer relationship management (CRM) company reported fiscal first-quarter revenue below analysts' estimates and provided weaker-than-expected guidance.
Salesforce reported revenue of $9.13 billion for the fiscal first quarter of 2025, up 11% from the year-ago period, and below analysts' expectations, according to estimates compiled by Visible Alpha.
Net income came in at $1.53 billion or $1.56 per share, versus $199 million or 20 cents per share reported in the same period a year prior, beating analysts' projections.
Key Takeaways Salesforce reported rising revenue and net income in the first fiscal quarter of 2025 from the year-ago period, though its revenue missed analysts' estimates.
Salesforce's guidance for the second quarter was also weaker than expected.
Salesforce maintained its previously announced full-year outlook.
Shares of Salesforce fell more than 17% in extended trading Wednesday following the release.
Salesforce (CRM) shares tumbled over 17% in extended trading Wednesday after the customer relationship management (CRM) company reported fiscal first-quarter revenue below analysts' estimates and provided weaker-than-expected guidance.
Salesforce reported revenue of $9.13 billion for the fiscal first quarter of 2025, up 11% from the year-ago period, and below analysts' expectations, according to estimates compiled by Visible Alpha.
Net income came in at $1.53 billion or $1.56 per share, versus $199 million or 20 cents per share reported in the same period a year prior, beating analysts' projections.
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