The software giant saw a drop-off in deals, particularly in industries most affected by COVID-19 such as hospitality and retail.
“While our core business remains strong, with attractive profitability and cash flow characteristics, our debt levels are too high."
The full-year forecast fell below “high investor expectations for team collaboration and communication names amidst this [work from home] era.”
The acquisition of the web monitoring startup will expand a business that Cisco has been building since it acquired AppDynamics in 2017.
"Our results, amidst this global crisis, demonstrated our ability to execute at speed, innovate at scale and the strength of our business model."
The software firm cited the negative impact of COVID-19 on small business customers and the extension of the tax filing deadline to July 15.
The deal will add payments functionality to SoFi's growing array of consumer financial options.
The $1.33 billion deal "signals the importance of making industry capabilities even more a part of the [Salesforce] platform offerings."
The deal gives Visa access to software that fintech app developers use to interface with customers' bank accounts.
The tech giant is aiming to sell the software into equipment for 5G technology.
Eric Shander, who had been with the software firm since 2015, helped guide it through its acquisition by IBM.
Mark Hurd says he decided that he needed to spend time focusing on his health.
