Salesforce: Customers and Outage

salesforce: While the outage only lasted a few hours, some customers were affected for days, according to Market Watch. Discussions with some customers indicate that the outage resulted in disrupted service for three days Friday, Saturday, and Sunday said Jefferies analyst John DiFucci, who has a buy rating and 189 price target, in a recent note. Salesforce CRM, -4.17% is scheduled to report first-quarter results after the market close on Tuesday, nearly three weeks after the company experienced a major outage on May 17. We also note that salesforce provided credits to these customers for three days of subscription revenue, DiFucci said. Salesforce stock has slipped over the quarter amid that acquisition news, leading some analysts to believe there is investor fatigue with regard to growth software vendors. This could potentially impact up to 3% of subscription revenues for the upcoming fiscal second quarter assuming three days of subscription revenue . Also expect executives to revisit the acquisition of Salesforce.org, which is expected to result in a 200 million profit hit in the second quarter. (news.financializer.com). As reported in the news.

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