Salesforce's (NYSE: CRM) stock price fell 6% during after-hours trading on May 31 following the release of its latest earnings report. For the first quarter of fiscal 2024 (ended April 30), the cloud-based customer relationship management (CRM) software provider's revenue rose 11% year over year to $8.25 billion and beat analysts' estimates by $80 million. Its adjusted EPS jumped 72% to $1.69 and cleared the consensus forecast by $0.08.
Salesforce's growth rates seemed stable, but the bulls shrugged, and its stock remains nearly 30% below its all-time high from November 2021. Should investors tune out the near-term noise and still buy this stock as a long-term investment?
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Source Fool.com