Hakyung Kim
Hakyung Kim is an associate reporter covering markets and investing trends for CNBC.com and CNBC Pro. She previously reported for The Wall Street Journal and NPR, where she covered South Korean culture, politics, and business. As an Overseas Press Club Fellow, Hakyung graduated from NYU's Stern School of Business. Her primary topics include financial markets, investing trends, and international business news.
99%
The Daily's Verdict
This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.
Bias
100%
Examples:
No current examples available.
Conflicts of Interest
100%
Examples:
No current examples available.
Contradictions
85%
Examples:
- In the fiscal first quarter ending April 30, revenue increased by 11% to $9.13 billion
- Revenue for Salesforce’s Data Cloud, Mulesoft, and Tableau business unit increased by 24% to $1.4 billion.
- Salesforce missed revenue expectations for the fiscal first quarter
- Salesforce reported weaker-than-expected revenue of $9.13 billion for the quarter, missing the consensus estimate by $0.04 billion.
Deceptions
100%
Examples:
No current examples available.
Recent Articles
Salesforce Reports First Single-Digit Sales Growth in Two Decades: A $9.13 Billion Miss and Stock Price Drop
Broke On: Wednesday, 29 May 2024Salesforce, a San Francisco-based software company, reported disappointing first-quarter sales and revenue of $9.13 billion, missing analyst estimates and causing a significant stock price drop. Despite growth in some business units like Data Cloud, Mulesoft, and Tableau (24% to $1.4 billion), overall earnings per share were $2.44 – below expectations. CEO Marc Benioff expressed confidence in Salesforce's AI capabilities but failed to reassure investors amidst industry-wide tech challenges and competition concerns.