The ever-increasing British attempt to leave the European Union, called Brexit, creates uncertainty for US technology companies that are beginning to warn investors about the possible consequences.
For the past three months, 93 earnings challenges from S & P 500 companies have addressed Brexit's potential impact, according to FactSet. Among them are some of the largest companies, including Facebook, Cisco and Walmart.
Although most companies were careful in their responses, sharing very few details, some companies were more advanced in this regard.
Expedia, for example, said: This is observed at the UK landing flight booking due to "uncertainty around Brexit." Booking Holdings, the owner of a group of tourist sites, including Priceline.com, also said that Brexit creates "a huge amount of uncertainty."
Facebook Financial Director David Wehner also said that Macroeconomic issues, such as Brexit's "risk against other issues" faced by the company.
Other companies tried to reduce Brexit's influence on his business. HPE's CEO, Antonio Neri, said the demand was "very stable" throughout the quarter, highlighting double-digit growth in sales in the UK.
It is unclear why Salesforce decided to share more detailed information about the potential impact of Brexit. The company produces less than 20 percent of revenue from the European region, a smaller share than companies such as Facebook or Cisco, which receive about a quarter of their sales from Europe. The Salesforce representative was not immediately available for comment.
Nevertheless, Salesforce said that it has already "been evaluated and started to take initiatives" because it sees "significant uncertainty" resulting from Brexit's results.
significant uncertainties regarding the final settlement of Brexit's negotiations, and we will continue to track any changes that may occur and assess their potential impact on our business, "Salesforce said in a statement.
affirms the delay of movement for Brexit