Dive Brief:Salesforce reported slower revenue growth for the first quarter of its fiscal year 2024, with the cloud software company’s executives pointing to continued macroeconomic pressures, particularly in North America. The company’s total revenue during the quarter was $8.2 billion, up 11% compared with a year earlier, according to results released Wednesday. “We are seeing some good things, but North America has taken the brunt of the deceleration,” Salesforce CFO Amy Weaver said during an earnings call. Its revenue growth rate in the Americas was 10% year over year, compared with 17% in the EMEA region, she said. Amazon experienced similar revenue growth challenges in its cloud division during the first three months of the year.

Source: The North Africa Journal June 02, 2023 09:09 UTC