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Why Salesforce Stock Was Down Today

Why Salesforce Stock Was Down Today

Shares of Salesforce (NYSE: CRM) were trading down 10% as of 12:14 p.m. ET on Thursday after the company delivered financial results that fell short of analysts' expectations. The lower outlook raised questions about Salesforce's competitive position. Saleforces posted a revenue increase of 14% year over year, which was down from the previous quarter's 22% increase.