Reported 15 days ago
Salesforce anticipates generating over $60 billion in revenue by 2030, surpassing Wall Street predictions, driven by the rapid implementation of AI features in its cloud services. Despite some investor pressure for AI returns and a challenging economic environment, the company's shares increased by 4% in premarket trading. The revenue outlook does not include the effects of its pending $8 billion acquisition of Informatica, aimed at enhancing its AI capabilities. However, Salesforce has shown signs of slower growth, making it cautious about third-quarter projections.
Source: YAHOO