WebEx and Slack, is facing a slowdown as red-hot inflation is dampening the spending power of customers.
Shares of the San Jose, California-based company, which fell nearly 56% this year, were down 5% in trading after the bell. "Guidance suggests further weakness in both enterprise and online. It is tough to disaggregate how much of this is macro and how much is competition," said RBC analyst Rishi Jaluria.The company, however, raised its annual adjusted profit per share to between $3.91 and $3.94, compared with $3.66 to $3.69 forecast earlier.
and i was wondering why no subtitles on formula 1
Cathie wood down bad (again)
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