Salesforce Inc. gave a forecast for quarterly revenue that fell short of analysts’ estimates, suggesting that a choppy economy may be causing some customers to slow spending on business software. The shares declined in premarket trading.
Co-Chief Executive Officer Bret Taylor said the company was facing a “more measured buying environment.” Spencer said the company is seeing “longer deal cycles,” from its customers. “We’re seeing extra approvers getting inserted into deals -- CFOs are getting included in deals a lot more frequently than in the past,” he said.
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