By Connor Hart
Salesforce's revenue outlook fell short of Wall Street's expectations. The customer-relationship-management company said it expects revenue of $40.5 billion to $40.9 billion in 2025, compared with analysts' expectations of $41.37 billion, according to FactSet. Its revenue range for the first quarter of $9.71 billion to $9.76 billion was also below analyst expectations. The outlook came as Salesforce posted a higher profit and revenue for the fourth quarter. Shares fall 4.7%, to $292.82, in after-hours trading.
Snowflake logged a wider fourth-quarter loss, despite seeing revenue jump from adding more top-paying customers in the period. The data-cloud company reported a loss of $327.5 million on revenue of $986.8 million. It also said its chief financial officer, Michael Scarpelli, will step down after more than five years in the role, though he will remain in the position until a successor is appointed. Shares climb 10%, to $183.46, in post-market trading.
Heico logged higher profit and revenue in its fiscal first quarter, boosted by organic sales growth and recent acquisitions. The airplane-part and electronics supplier posted a profit of $168 million on revenue of $1.03 billion for its three months ended Jan. 31, topping analyst expectations on both counts. Looking ahead, Chief Executive Laurans Mendelson said the company is optimistic about the sustained momentum its defence products are experiencing. Shares rise 6.6%, to $242.50, in after-hours trading.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
February 26, 2025 18:38 ET (23:38 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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