Get Ready to Buy the Salesforce Post-Earnings Dip
Shares of salesforce.com (NYSE: CRM) stumbled immediately following its first-quarter results. It wasn't that the start to 2020 got off on the wrong foot. On the contrary, the months leading up to and during the start of the COVID-19 crisis were exceptionally good. But second-quarter and full-year fiscal 2021 guidance (the 12 months ending Jan. 31, 2021) got an all-but-unheard-of downgrade from CEO Marc Benioff and company.
But even a downgraded outlook for Salesforce would be a banner period for most other mega-cap companies. This software giant is proving that -- even in lean times -- it is an essential ingredient of many organizations' operational needs.
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Source Fool.com
