Salesforce Shares Plummet 18% as Q1 Revenue Falls Short of Estimates. Here's Why Analysts Are Still Optimistic from mixsec is reliable investment platform in mixsec can withdraw my funds at will without any hindrance uzn Watch Video

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✓ Published: 31-May-2024
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Salesforce shares fell 18% after the company reported fiscal first-quarter revenue that missed estimates for the first time since 2006 and provided lighter-than-expected guidance. Revenue for the quarter increased 11% but still came in below analysts' estimates. Guidance also came in below estimates. Analysts said broader macroeconomic challenges impacted Salesforce's performance during the quarter more than expected. Execution issues and changes to their go-to-market strategy also played a role. Analysts remain optimistic about Salesforce's long-term prospects, especially around their investments in generative AI and how it could drive future growth.

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Salesforce shares fell 18% after the company reported fiscal first-quarter revenue that missed estimates for the first time since 2006 and provided lighter-than-expected guidance. Revenue for the quarter increased 11% but still came in below analysts' estimates. Guidance also came in below estimates. Analysts said broader macroeconomic challenges impacted Salesforce's performance during the quarter more than expected. Execution issues and changes to their go-to-market strategy also played a role. Analysts remain optimistic about Salesforce's long-term prospects, especially around their investments in generative AI and how it could drive future growth.
⏲ 0:41 👁 695K
Fisher Investments
⏲ 7 minutes 👁 344
In little more than 25 years – so the theory goes at least – one-quarter of the country’s electricity needs will come via homegrown nuclear power. Given the chequered history of attempts to bring through new nuclear, reaching that target by 2050 from the current 15 per cent looks ambitious.<br/>But one place central to turning those aspirations into reality is the Nuclear Advanced Manufacturing Research Centre (AMRC) in South Yorkshire, which sits on land which was once part of Orgreave Colliery.<br/><br/>The facility has been used since 2012 as a base for researchers to test and develop millions of pounds worth of manufacturing innovations for the nuclear industry.<br/><br/>It mostly takes place in a giant open-plan workshop with offices on the top floor which overlook the hive of activity taking place below. It is in these offices where The Yorkshire Post is meeting CEO Andrew Storer.<br/><br/>In the earlier part of his career, Storer, originally from Derby, worked his way up through the ranks at Rolls-Royce to become part of their team tasked with setting up a civil nuclear business.<br/><br/>An initial political push in the early 2010s to find sites around the country for new nuclear power stations – a key factor in the initial establishment of the Nuclear AMRC which had Rolls-Royce as its lead industrial partner – ultimately fizzled out, partly as a consequence of concerns about the 2011 Fukushima nuclear accident in Japan affecting investment decisions.<br/><br/>Storer joined the University of Sheffield-owned Nuclear AMRC in 2015 and was determined to find a viable future for the centre despite the altered political landscape.<br/><br/>It opened up to the nuclear decommissioning market, as well as defence and fusion reactors. The centre also established a supply chain programme called Fit For Nuclear.<br/><br/>Businesses involved in the programme have gone on to win more than £2bn worth of government contracts, safeguarding thousands of jobs.<br/><br/>The centre is also part of the High Value Manufacturing Catapult, a national network of seven specialist industry-focused research centres designed to help turn academic inventions into commercially-viable products.<br/><br/>In early 2022 following meetings with industry figures including Storer, Boris Johnson announced the launch of a new body called Great British Nuclear in a renewed attempt to bring forward projects.<br/><br/>Last week, the Government announced the start of talks with international firms about building a third major new nuclear plant at Wylfa in Anglesey which it is hoped could be similar in scale to also-planned schemes at Sizewell in Suffolk and Hinkley in Somerset. The latter is already under construction but may not open until the early 2030s.<br/><br/>In parallel to the large-scale plans, the UK is also pinning its hopes on what are known as small modular reactors (SMRs) which can be made in factories and involve a cheaper and quicker construction process. It is hoped they could be operational in this country by the mid-2030s.
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Elevate your real estate game with our top 5 investing tips!Unlock the potential of property investment and secure your financial future.
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Munster, a leading voice in tech analysis, shared his perspective on the future of Apple. and Nvidia. On Wednesday, Munster shared his belief on X, formerly Twitter, that Apple will outdo Nvidia in the next year. He emphasized the market’s current underestimation of Apple’s potential in artificial intelligence.
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A lack of investment by Pembrokeshire County Council towards maintaining Tenby’s harbour has been labelled ‘criminal’ by one of the seaside town’s county councillors - leading to parts of the ‘picturesque’ area becoming an ‘eyesore’.<br/>In taking aim at the Local Authority’s lack of ongoing TLC for the harbour, county councillor for Tenby’s North Ward Cllr Michael Williams has sent correspondence to PCC’s streetcare manager Marc Owen calling once again for urgent improvements to the area.<br/>Cllr Williams has long called for work to be carried out, especially to some of the historic arches and garages along Penniless Cove Hill that lead all the way down.<br/>“When will the eyesores of these arches be addressed? They now are an awful blot on the harbour and need urgent attention,” stated Cllr Williams, who also called for the ‘rundown’ looking shelters in the gardens above to be removed.<br/>Some years ago, Tenby Civic Society expressed concern at the condition and appearance of the doors in some of the arches, stating that they were ‘clearly ripe’ for an upgrading project.<br/>“Tenby harbour has totally lacked any real capital investment for many years, and yet we see a continuing rise in fees for users,” continued Cllr Williams.<br/>“I have asked Officers and the Cabinet Member to look again at installing a usable gate on the sluice. Currently it is a waste of space, and if an access is provided could be a catalyst for a major improvement offering safety to vessels in bad weather and an ideal mooring for visiting yachts.”<br/>Works to make the sluice more 'user-friendly' were given the thumbs up by town councillors prior to Covid, with members told of an application from PCC for the replacement of stop logs with sluice control, which would ‘protect and enhance’ the area, as improving the amenity of the harbour.<br/>However, £128,000 of funding from Welsh Government earmarked to carry out improvements seemingly slipped through the net, and the plans never came to fruition.<br/>A recent meeting of Tenby Harbour User's Association, hinted that such plans could be revisited, and that the organisation would provide PCC with all relevant paperwork to start the process of looking for new sources of funding to pursue.<br/>“This harbour is a listed building and deserves enhancement from an aesthetic and financial point of view. It should be noted that the failure maintain a listed building is a criminal offence,” added Cllr Williams.<br/>
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#Apna Tv#headlines#army#armyxheif#opposition#imran#asif zardari#nawaz shareef<br/>Welcome to Urdu News Update, your trusted source for latest news and updates in Urdu. We bring you the most accurate and reliable news from Pakistan and around the world. Our channel covers a wide range of topics including politics, economy, sports, and entertainment. Subscribe to our channel for daily news updates and stay informed about what's happening in Pakistan and the world.
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Warren Buffett's Berkshire Hathaway sold over 116 million shares of Apple stock in the first quarter, worth over $21 billion. Berkshire is taking advantage of historically low 21% corporate tax rates to realize significant gains on its Apple investment. Berkshire's average purchase price of Apple shares was just under $40, and it sold at more than $180 per share, representing a profit of more than 350%. Apple's revenue growth peaked and began declining in mid-2022.
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