$Salesforce.com(CRM)$ executives trimmed their forecast for the year and projected a worse 3rd quarter than Wall Street expectation. However, they promised billions in stock repurchases for the first time.

Salesforce reported 2nd quarter profit of $68 million, 7 cents/share, on revenue of $7.72 billion, up from $6.34 billion last year. After adjusting for stock-based compensation and other effects, the cloud-software company reported earnings of $1.19/share, down from $1.48/share last year. Analysts on average expected adjusted earnings of $1.03/share on sales of $7.69 billion, according to FactSet. Hence, the company was able to beat top line and bottom Line conparing to analyst's estimates 

The share price plunged 7% on good resultswhich means investors expected better results on their top line revenue. Slower growth isexpected due to uncertain macroeconomic environment which causes most companies cut their operating cost. 

As a Salesforce investor myself, I am overallhappy with the result as the company is still growing， be it organically and inorganically.My investment thesis remains intact as Salesforce remains the market leader in CRM.