Salesforce delivers, Wall Street doubts as stock falls 6.3% post-earnings

Salesforce delivers, Wall Street doubts as stock falls 6.3% post-earnings

3 years ago
Anonymous $rH7oE7DjRg

https://techcrunch.com/2021/02/26/salesforce-delivers-wall-street-doubts-as-stock-falls-6-3-post-earnings/

Wall Street investors can be fickle beasts. Take Salesforce as an example. The CRM giant announced a $5.82 billion quarter when it reported earnings yesterday. Revenue was up 20% year over year. The company also reported $21.25 billion in total revenue for the just closed FY2021, up 24% YoY. If that wasn’t enough, it raised its FY2022 guidance (its upcoming fiscal year) to over $25 billion. What’s not to like?

You want higher quarterly revenue, Salesforce gave you higher revenue. You want high growth and solid projected revenue — check and check. In fact, it’s hard to find anything to complain about in the report. The company is performing and growing at a rate that is remarkable for an organization of its size and maturity — and it is expected to continue to perform and grow.