Salesforce.com Inc forecast current-quarter revenue and profit below analysts�...
- Salesforce.com Inc forecast current-quarter revenue and profit below analysts’ estimates on Monday, as the cloud software maker battles intensifying competition from Oracle and Microsoft, sending its shares down 3 percent.
Microsoft Corp's customer relationship management and enterprise resource planning service, Dynamics 365, grew 51 percent in the company's latest reported quarter. Salesforce's Germany rival SAP added muscle to its CRM software offerings in November with its $8 billion deal for Qualtrics International.
“MuleSoft revenue is a bit more seasonal than our core products and can experience sequential revenue declines from Q4 to Q1,” Chief Financial Officer Mark Hawkins said on a post earnings call with analysts.
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