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Why Salesforce Stock Dipped on Friday – Motley Fool

The customer relationship management (CRM) leader reported fiscal fourth-quarter results.



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What happened
Shares of (NYSE:CRM) have dipped today, down by 5% as of 3:20 p.m. EST, after the company reported fiscal fourth-quarter earnings. The results topped expectations, but Salesforce’s profit forecast for next fiscal year disappointed investors. The company remains optimistic about its pending acquisition of Slack (NYSE:WORK).
So what
Revenue in the fiscal fourth quarter came in at $5.82 billion, beating the Street’s expectation of $5.68 billion in sales. That resulted in…

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