The article discusses Salesforce’s disappointing first-quarter earnings report, which led to a significant drop in its stock price. The key points are: 1) Salesforce reported its first revenue miss since 2006, falling short of Wall Street’s expectations. 2) The company’s guidance for the full year was also lower than anticipated, citing a “more measured” approach to hiring and real estate investments. 3) Salesforce’s stock plunged as much as 10% in extended trading following the earnings release. 4) The revenue miss and weak guidance were attributed to a challenging economic environment and the impact of foreign exchange rates. 5) Despite the setback, Salesforce remains optimistic about its long-term growth prospects and its ability to navigate the current economic landscape.
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