(Bloomberg) -- Salesforce.com Inc. gave a first-quarter revenue forecast that fell short of analysts’ projections, hampered by rising competition from rival business-software makers with their own cloud products.
Revenue in the period ending in April will be $2.34 billion to $2.35 billion, the San Francisco-based company said Tuesday in a statement. Analysts projected $2.37 billion, according to data compiled by Bloomberg. Profit before certain items will be 25 cents to 26 cents a share, compared with the analysts’ average estimate of 30 cents.
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