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Salesforce slumps in afterhours trading as guidance falls short of estimates

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Salesforce slumps in afterhours trading as guidance falls short of estimates

Investing.com -- Salesforce reported Wednesday guidance for the current quarter that fell well short of analyst estimates and offset fiscal first-quarter earnings that beat Wall Street forecasts.

Subscription and support revenues for the quarter were $8.59B, an increase of 12% year-over-year. Professional services and other revenues for the quarter were $600M, an increase of 3% year-over-year.

 

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