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Salesforce Slides After Beating Estimates and Cutting Guidance

Revenue officially rose 30% annually, and was up 23% if one excludes $273 million of subscription and support revenue provided by business intelligence software vendor Tableau Software, which Salesforce acquired for $15.7 billion last August. For the July quarter, Salesforce is guiding for revenue of $4.89 billion to $4.9 billion and non-GAAP EPS of $0.66 to $0.67, below consensus estimates of $5.04 billion and $0.74. Salesforce's stock fell 3.6% in after-hours trading to $174.61. Read More...

Revenue officially rose 30% annually, and was up 23% if one excludes $273 million of subscription and support revenue provided by business intelligence software vendor Tableau Software, which Salesforce acquired for $15.7 billion last August. For the July quarter, Salesforce is guiding for revenue of $4.89 billion to $4.9 billion and non-GAAP EPS of $0.66 to $0.67, below consensus estimates of $5.04 billion and $0.74. Salesforce’s stock fell 3.6% in after-hours trading to $174.61.

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