Investigations
Salesforce, Inc.
Overview
Overview
- Deadline:
- Upcoming
| Company Name: | Company Name: Salesforce, Inc. |
| Stock Symbol: | Stock Symbol: CRM |
Bleichmar Fonti & Auld is investigating whether Salesforce, Inc. violated the federal securities laws. Investors are encouraged to submit their information.
Why is Salesforce, Inc. Being Investigated?
Salesforce, Inc. is a leading provider of cloud-based customer relationship management technology. On May 29, 2024, Salesforce reported its fiscal Q1 2025 financial results. In pertinent part, Salesforce’s reported $9.13 billion in revenue came in below the midpoint of its previously issued guidance range and the growth rate of a key bookings metric—current remaining performance obligation—came in below the company’s outlook.
Salesforce announced that the company’s financial results were impacted by “the continued measured buying environment,” particularly in “the U.S., parts of Lat Am and EMEA,” as well as sales execution issues. Salesforce also issued fiscal Q2 2025 revenue guidance of $9.2 to $9.25 billion, below consensus estimates.
Given these announcements, BFA is investigating whether Salesforce and certain of its senior officers made materially false and misleading statements to investors relating to Salesforce’s customer buying environment and/or the company’s sales execution abilities.
Salesforce, Inc.’s Stock Plummets
As a result of Salesforce, Inc.’s announcement on May 29, 2024, Salesforce’s stock price declined over 20% at the close of trading on May 30, 2024.
What Can You Do?
If you lost money from investing in Salesforce, Inc. you may have legal rights. You are encouraged to submit your information to learn more.
Why Bleichmar Fonti & Auld LLP?
Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It was named among the Top 5 plaintiff law firms by ISS SCAS in 2023 and its attorneys have been named Titans of the Plaintiffs’ Bar by Law360 and SuperLawyers by Thompson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors (pending court approval), as well as $420 million from Teva Pharmaceutical Ind. Ltd.
Attorney advertising. Past results do not guarantee future outcomes.
Why is Salesforce, Inc. Being Investigated?
Salesforce, Inc. is a leading provider of cloud-based customer relationship management technology. On May 29, 2024, Salesforce reported its fiscal Q1 2025 financial results. In pertinent part, Salesforce’s reported $9.13 billion in revenue came in below the midpoint of its previously issued guidance range and the growth rate of a key bookings metric—current remaining performance obligation—came in below the company’s outlook.
Salesforce announced that the company’s financial results were impacted by “the continued measured buying environment,” particularly in “the U.S., parts of Lat Am and EMEA,” as well as sales execution issues. Salesforce also issued fiscal Q2 2025 revenue guidance of $9.2 to $9.25 billion, below consensus estimates.
Given these announcements, BFA is investigating whether Salesforce and certain of its senior officers made materially false and misleading statements to investors relating to Salesforce’s customer buying environment and/or the company’s sales execution abilities.
Salesforce, Inc.’s Stock Plummets
As a result of Salesforce, Inc.’s announcement on May 29, 2024, Salesforce’s stock price declined over 20% at the close of trading on May 30, 2024.
What Can You Do?
If you lost money from investing in Salesforce, Inc. you may have legal rights. You are encouraged to submit your information to learn more.
Why Bleichmar Fonti & Auld LLP?
Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It was named among the Top 5 plaintiff law firms by ISS SCAS in 2023 and its attorneys have been named Titans of the Plaintiffs’ Bar by Law360 and SuperLawyers by Thompson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors (pending court approval), as well as $420 million from Teva Pharmaceutical Ind. Ltd.
Attorney advertising. Past results do not guarantee future outcomes.
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