Enterprise stocks mixed after Salesforce’s quarterly results

Enterprise stocks were mixed on Thursday after Salesforce (NYSE:CRM) reported their quarterly results.

Shares of Salesforce (NYSE:CRM) fell about 6% following first quarter results. The results impressed several analysts but they pointed out that foreign exchange rates provided much of the customer relations management platform’s revenue boost. Salesforce also saw a downgraded at RBC Capital on execution risk post Informatica deal.

Meanwhile, bigger software names on Thursday: Oracle (ORCL), Palantir Technologies (PLTR) and Snowflake (SNOW) each fell about 1%. Adobe (ADBE) was largely flat but in the red. Meanwhile, Workday (WDAY) and Microsoft (MSFT) rose about +1% each.

Innodata (INOD) declined around 3% and SoundHound AI (SOUN) fell nearly 2%. Teradata (TDC) and Akamai Technologies (AKAM) each dipped about 1%, while Qualys (QLYS) was also in the red. Jamf (JAMF) and JFrog (FROG) each rose about 1%. MongoDB (MDB) was also among the gainers.

Atlassian (TEAM) fell about 4%, while Elastic (ESTC) and Asana (ASAN) dipped nearly 1% each. Pegasystems (PEGA) and Monday.com (MNDY) were also in the red.

Cybersecurity stocks: Cloudflare (NET) jumped about 2%, while Datadog (DDOG) climbed roughly 1%. Fortinet (FTNT) slumped about 3% and CrowdStrike (CRWD) slipped around 1%.