San Francisco The US software manufacturer Salesforce expects less sales growth in view of the strong dollar and increased competition in the cloud business. In the current fiscal year, revenues should be a maximum of 31 billion dollars (31.1 billion euros), said the SAP rival on Wednesday after the US stock market closed.
Three months ago, Salesforce had promised up to $31.8 billion. Experts had expected a higher prognosis. The stock fell more than 5 percent in after-hours trading.
In the past second quarter, Salesforce increased sales compared to the same period last year by 22 percent to $7.7 billion. However, net income fell year-on-year from $535 million to $68 million, partly due to higher costs and weaker development of strategic investments. In the second half of the year, the group expects considerable burdens – above all due to the strong dollar, which reduces foreign earnings after conversion into US currency.