Cloud Stocks Tumble After Salesforce Projects Slowing Growth
- Joseph K
- Dec 1, 2021
- 1 min read
Investors are dumping cloud software stocks following a mixed earnings outlook announced late Tuesday by Salesforce.com , the segment leader.
A top player in the enterprise software-as-a-service market, Salesforce (ticker: CRM) posted results for its fiscal second quarter, ended Oct. 31, that edged past Wall Street’s estimates. But there were some soft spots in the report.
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