Salesforce Shares Dip on Lower-than-Expected Sales Forecast

Despite surpassing quarterly earnings, Salesforce's outlook disappoints, prompting the launch of its first dividend and a $10 billion share buyback boost.

Salesforce's shares fell after issuing a sales forecast below Wall Street expectations, despite beating quarterly earnings estimates.
The company announced its first-ever dividend and increased its share repurchase program by $10 billion.
Salesforce's guidance reflects challenges such as foreign exchange pressures and a more measured buying environment.
Investors are focused on Salesforce's revenue growth, which has slowed as corporations tighten software spending.
Salesforce is investing in AI to boost sales, including its new Einstein AI Copilot tool, amid a broader tech industry slowdown.