Salesforce to Report First-Quarter Results on Wednesday
Salesforce is scheduled to release its first-quarter financial results this week. The company has seen its market value decline sharply over the past year amid broader industry concerns.
rigzone.comSalesforce will publish its first-quarter earnings on Wednesday. The results will include revenue from Informatica, which the company acquired last year.
The company's shares have fallen more than 50 percent from their peak last year. Market capitalization has declined from $347 billion to $147 billion. 48 percent growth from the prior year.
The company has faced pressure in recent months over questions about how artificial-intelligence tools may affect software companies. The earnings release will provide updated financial data for investors to assess those concerns.
Key Facts
Story Timeline
3 events- Last year
Salesforce acquired Informatica.
1 sourceBenzinga - Past year
Salesforce market capitalization fell from $347 billion to $147 billion.
1 sourceBenzinga - Wednesday
Salesforce is scheduled to release first-quarter earnings.
1 sourceBenzinga
Potential Impact
- 01
Investors will receive updated revenue and growth figures on Wednesday.
- 02
The earnings release will include Informatica revenue for the first time.
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