Persistent Systems, Infosys shares sink on Salesforce's lower margin guidance for FY25
Persistent Systems and Infosys have highest employee and revenue exposure towards Salesforce.
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Persistent Systems and Infosys have highest employee and revenue exposure towards Salesforce.
CRM earnings call for the period ending March 31, 2024.
Salesforce's forecast pointed to clients scaling back spending as the possibility of higher-for-longer interest rates and elevated inflation prompt them to keep costs under control.
Salesforce executives discussed the buying environment, the company's outlook, artificial intelligence opportunities, and possible mergers and acquisitions on the first quarter earnings call Wednesday.
Salesforce has been heavily investing in AI for months and integrating the technology into the workflows of its large suite of products to drive revenue and margins.