Reported 2 days ago
Salesforce's stock experienced a surge in after-hours trading following the release of its better-than-expected first-quarter earnings and an improved full-year outlook. Analyst Rishi Jaluria expressed that the results suggest confidence in Salesforce's growth, despite concerns surrounding its acquisition of Informatica. Current Remaining Performance Obligations (CRPO) are emphasized as a crucial indicator for future revenue, and while Salesforce's AI initiatives, including Agent Force, show promise, experts caution that significant revenue impact may still take years to materialize.
Source: YAHOO