Salesforce faces tough enterprise software backdrop heading into earnings, says UBS

Salesforce Inc (NYSE:CRM, XETRA:FOO) heads into its fiscal first quarter earnings report on May 27, with analysts at UBS pointing to a mixed demand environment for enterprise software and limited signs of near-term acceleration in bookings trends.

UBS wrote recent channel checks with roughly 25 enterprise IT executives and partners suggest IT spending growth remains constrained, particularly for non-AI application software. The firm characterized the broader SaaS demand backdrop as challenging and noted conditions may have tightened over the past few months.

https://www.proactiveinvestors.com/companies/news/1092793/salesforce-faces-tough-enterprise-software-backdrop-heading-into-earnings-says-ubs-1092793.html