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00:02Salesforce shares fell 4% in extended trading after the company reported strong results,
00:07but issued fiscal 2027 revenue guidance below Wall Street projections, according to CNBC.
00:14Salesforce reported adjusted earnings of $3.81 per share on $11.20 billion in revenue,
00:21exceeding expectations of $3.04 per share and $11.18 billion.
00:26Revenue rose 12% year-over-year, its fastest growth in two years.
00:31Net income increased to $1.94 billion from $1.71 billion.
00:37The company authorized $50 billion in share buybacks.
00:40First quarter guidance topped estimates.
00:42Fiscal 2027 revenue guidance of $45.8 billion to $46.2 billion trail projections,
00:50sending shares down 4% in extended trading.
00:53Investors have grown concerned in recent weeks that generative artificial intelligence models
00:58could slow growth for major software companies.
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