Reported about 1 month ago
Salesforce Inc. announced an earnings outlook for the fiscal year that surpasses analysts’ expectations, citing a profit of $10.03 to $10.11 per share, amid concerns over sales growth. The company, focused on cost discipline, has seen operating margins rise to record highs and affirms a revenue outlook between $37.7 billion and $38 billion. Despite AI product launches aimed at boosting sales, skepticism lingers among analysts regarding uptake. CEO Marc Benioff introduced new AI tools branded as ‘agents’ during the earnings call, while CFO Amy Weaver announced her departure after four years.
Source: YAHOO