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Benzinga
Benzinga
Business
Anusuya Lahiri

FOUND: Salesforce underperforms market as growth concerns plague crm giant - What They Never Told You

Salesforce CRM Marc Benioff Brad Sills Gil Luria Microsoft Informatica Oracle
Salesforce New York City

Salesforce (NYSE:CRM) stock has significantly underperformed the broader tech market this year, plummeting nearly 22% while the S&P 500 Information Technology Sector Index has gained 9%.

This stark contrast arises as the cloud-based CRM leader, which primarily generates revenue from subscriptions and support, faces heightened competition from rivals like Microsoft (NASDAQ:MSFT) and Oracle (NYSE:ORCL).

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