Reported about 5 hours ago
Salesforce Inc. has provided a fiscal-year revenue forecast of $40.5 to $40.9 billion, below analysts' expectations of $41.5 billion, casting doubt on the sales potential of its new AI product, Agentforce. Although CEO Marc Benioff highlighted strong performance and 5,000 deals for Agentforce, the company faces stiff competition and reduced revenue growth, with a 7.6% rise to $9.99 billion in the last quarter marking three consecutive quarters of single-digit growth. Additionally, Salesforce announced significant changes within its executive team and made cuts to focus on AI initiatives.
Source: YAHOO