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CRM - Salesforce.Com Inc News Story

$230.56 2.6  1.1%

Last Trade - 21/04/21

Sector
Technology
Size
Large Cap
Market Cap £152.45bn
Enterprise Value £145.87bn
Revenue £15.26bn
Position in Universe 45th / 6852

BUZZ-Salesforce.com: Falls on bleak full-year profit forecast

Thu 25th February, 2021 11:21pm
** Shares of cloud-based software maker  CRM.N  fall 4.1% to
 $221.50 in trading after the bell
    ** Co forecasts full-year adjusted EPS between $3.39 and
$3.41, below estimates of $3.49 per share - Refinitiv data
    ** CRM's acquisition of workplace messaging co Slack is seen
as expensive by many analysts; co also faced with competitors in
the cloud space like Microsoft  urn:newsml:reuters.com:*:nL4N2KV5BB 
    ** However, co raised fiscal 2022 revenue guidance, beat Q4
revenue expectations on demand growth for its software fueled by
remote work 
    ** As of Thursday's close, stock up 3.8% YTD; had risen ~37%
in 2020

 (Reporting by Eva Mathews in Bengaluru)
 ((eva.mathews@thomsonreuters.com))
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