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Stock impact report

Salesforce shares slump over 8% after co-CEO Bret Taylor announces surprise departure [MSNBC.com]

Salesforce, Inc. (CRM) 
Last salesforce, inc. earnings: 2/25 04:06 pm Check Earnings Report
Company Research Source: MSNBC.com
In this articleBret Taylor, co-chief executive officer of Salesforce.com Inc., right, and Marc Benioff, co-chief executive officer of Salesforce.com Inc., wear rabbit ears during a keynote at the 2022 Dreamforce conference in San Francisco, California, on Tuesday, Sept. 20, 2022.Marlena Sloss | Bloomberg | Getty Imagesearnings reportwill departTaylor's departure will leave founder Marc Benioff as the sole CEO at the tech giant.Salesforce beat analyst estimates for third-quarter profit and revenue but said it expected between $7.9 billion to $8.03 billion in revenue in the company's fourth fiscal quarter, lower at the midpoint than analyst expectations of $8.02 billion in sales.The company said it would take a $900 million hit in sales because of foreign currency effects. And operating cash flow fell 23% year-over-year to $313 million for the quarter.Is "something more than macro pressuring Salesforce's growth?"Morgan StanleyThe analysts said the "surprises were more negative than posi Show less Read more
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