WEBVTT - Salesforce Gives Strong Forecast, Snowflake Falls Postmarket, Microsoft Slips

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>I'm Jim Standadek along with Carol Masser. Let's take a

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<v Speaker 1>look at some stocks on the move today. We're joined

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<v Speaker 1>by Bloomberg News Cross asset reporter Denitza Sokova. Denza, there's

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<v Speaker 1>some stocks movement in the after hours.

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<v Speaker 3>Some big moves after hours.

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<v Speaker 4>Let's start with Salesforce gave an outlook for revenue in

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<v Speaker 4>the current prea that topped analysts estimates. We're seeing quite

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<v Speaker 4>the reaction. The stock is up about five percent now,

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<v Speaker 4>but it jumped as much as eight percent in after

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<v Speaker 4>our trainings. The numbers of strong revenue is about eleven

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<v Speaker 4>point one billion aless for expecting about ten point nine billion.

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<v Speaker 4>One measure for bookings, we increase about fifteen percent alis

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<v Speaker 4>for expecting ten percent. So they're handily rewarding a company

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<v Speaker 4>that hasn't been doing so well here today it has

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<v Speaker 4>dropped twenty nine percent. Of course, they are the largest

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<v Speaker 4>maker of software and they release their AI too Agent

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<v Speaker 4>Force this year.

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<v Speaker 3>They're saying so.

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<v Speaker 4>Far it's doing well ninety five hundred deals. But T

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<v Speaker 4>Collan is raising some quotients, saying that this has largely

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<v Speaker 4>been limited to experimentation and we're yet to see the growth.

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<v Speaker 3>Nevertheless, great reaction after hours, Yeah, totally, Where do you

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<v Speaker 3>want to go next?

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<v Speaker 4>Opposite reaction in Snowflake after hours shares fail as much

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<v Speaker 4>as eight percent. The company gave an outlook for operating

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<v Speaker 4>margin that fell short of analysts estimates. It's all about

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<v Speaker 4>concerns about AI spending and profitability of new I based too.

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<v Speaker 4>That's pretty much the story for every company we see reporting.

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<v Speaker 4>Snowflake make software that helps organize an ally store corporate cloud,

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<v Speaker 4>and since the appointment of their new CEO, the company

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<v Speaker 4>has focused on nothing new tools. It's up seventy two

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<v Speaker 4>percent here today, so even today it's not bringing too

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<v Speaker 4>much damage.

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<v Speaker 3>Really quickly twenty seconds. Microsoft is something we've watched today.

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<v Speaker 3>It's so about profitability.

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<v Speaker 4>We had this report by the information that the software

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<v Speaker 4>maker has lowered the expectation.

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<v Speaker 3>Microsoft rebuilded this report.

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<v Speaker 4>Nevertheless, the stock was down as much as three percent

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<v Speaker 4>and it closed down two point five percent. Everyone is

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<v Speaker 4>watching this AI spending and any sign that the future

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<v Speaker 4>spending is decreasing is punished very harshly.

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<v Speaker 2>This stock mover's report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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