Reported 14 days ago
Salesforce shares rose over 7% following a positive revenue forecast projecting over $60 billion by 2030, alleviating worries about declining demand due to AI competition. This forecast was shared during the company's Dreamforce event and does not include an upcoming $8 billion acquisition aimed at enhancing its AI capabilities. Additionally, a $7 billion share buyback plan was announced, signaling confidence in future performance. The company is also investing $15 billion in AI adoption over five years, contributing to a more optimistic outlook for sustainable growth.
Source: YAHOO