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Salesforce delivers, Wall Street doubts as stock falls 6.3% post-earnings

Wall Street investors can be fickle beasts. Take Salesforce as an example. The CRM giant announced a $5.82 billion quarter when it reported earnings yesterday. Revenue was up 20% year over year. The company also reported $21.25 billion in total revenue for the just closed FY2021, up 24% YoY. If that wasnt enough, it raised its FY2022 guidance (its upcoming fiscal year) to over $25 billion. Whats not to like?
You want higher quarterly revenue, Salesforce gave you higher revenue. You want high growth and solid projected revenue check and check. In fact, its hard to find anything to complain about in the report. The company is performing and growing at a rate that is remarkable for an organization of its size and maturity and it is expected to continue to perform and grow.
How did Wall Street react to this stellar report? It punished the stock with the price down over 6%, a pretty dismal day considering the company brought home such a promising report card.
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