Co- Chief Executive Officer Marc Benioff of Salesforce informed CNBC Monday that they have increased their full-year fiscal guidance. They are also working on growing faster than any enterprise software firm at this stage. Although the shares went down over three percent during day’s session & went down more after providing its new quarterly earnings after the bell, however, Marc was quite positive about the firms sixteen billion dollar income
Salesforce witnessed its worst day on Monday since early 2016, when the stock dropped nearly 13 percent. Salesforce shares plunged 8.7 percent to $121.01 on Monday, sending a drop in shares of companies that sell subscription software. ServiceNow fell 8.4 percent, Workday dropped 7.6 percent, and Atlassian fell 8.7 percent. Further, a number of cloud stocks plunged over 10 percent including Coupa, Five9, Shopify, Twilio, Okta, Everbridge, HubSpot, Tableau, and Zendesk.