all of that ahead on bloomberg west. breaking news, salesforce raising its sales forecast seeing the first and biggest first-quarter he s ever had, underscoring attractiveness as a potential takeover target. cory johnson is live in san francisco for you. looks like a strong report, we did hear from the salesforce president, no comment on the deal but they are 1000% focused on customer satisfaction? cory: that s a lot of percent. that s like 100% 10 times in a row. here is what i take away from the earnings report. compared to what was effective they would do, it s a little bit better than that, it typically is. the reaction in post-market trading is very muted compared to what we usually see. last quarter the stock jumped 12% and then down 12% of about 2%, we will see how that shakes out in trading. what we saw from this company is that while better than expected it is dramatically slower growth . yes, this is the biggest first-quarter they ve ever had, but only 23% bigger
we begin with breaking. salesforce raising its forecast. the biggest first-quarter they have had. this underscores their attractiveness as a takeover target. cory johnson is in san francisco. we heard no comment on the deals. they are 1000% focused on customer satisfaction. corey: that s a lot of percents. here is the big take away. if you want to compare it to what the analysts expected it s better than that. the reaction and market trading is muted. last quarter, the stock jumped 12%. the next day it s down 5%. we will see how it shakes out in trading. while better than expected it has dramatically slower growth. the biggest first-quarter they have had but only 23% bigger than one year ago. compare that to one year ago. 37% a year ago. they went from 37% to 23% sales growth. that is a lot slower. it is different growth potential than what we would have expected a year ago. one of the reasons from that is that they spent less on marketing. the big knock on salesforce is that
salesforce raising its forecast. they have seen the biggest first-quarter they have had. this underscores their attractiveness as a takeover target. cory johnson is in san francisco. it looks like a strong report. we heard no comment on the deals. but they are 1000% focused on customer satisfaction. cory: that s a lot of percents. that s like a hundred percent focused 10 times in a row. here is the big take away. if you want to compare it to what the analysts expected, it s better than that. it typically is. the reaction in post market trading is muted. last quarter, the stock jumped 12%. the next day it s down 5%. right now it is up 2%. we will see how it shakes out in trading. what we saw is while better than , expected, it has dramatically slower growth. yes, it s the biggest first-quarter they have had, but it s only 23% bigger than one year ago. compare that to one year ago. 37% a year ago. so to go from 37% to 23% sales growth that is a lot slower. it is different growt
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