US EditionSalesforce beats on earnings, issues better-than-expected revenue forecast
Salesforce’s Q3 adjusted EPS rose to $3.25, beating expectations, with Q4 revenue expected to grow 11–12% aided by acquisitions and AI product growth.
- Salesforce earned $2.1 billion, or $2.19 per share, a 37% increase from the same time last year.
- Revenue rose 9% to nearly $10.9 billion for Salesforce.
- Salesforce provided an outlook for the current quarter ending in January that exceeded analysts’ predictions.
- Salesforce is projecting $60 billion in revenue for its fiscal year ending in January 2030, according to Benioff.
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Live Updates The Salesforce Rises 6 hours ago Live Investors got an update from Salesforce (NYSE: CRM) last night as well. Salesforce beat Q3 earnings by 39 cents, reporting profit of $3.25 per share. Revenue edged out expectations at $10.3 billion. Salesforce guided close to the consensus estimate for the upcoming Q4, saying it will earn between $3.02 and $3.04 per share, with significantly higher revenue than exp…
Salesforce Counters 'Pilot Purgatory' Fears With 70% Surge In Agentforce Deployments - Salesforce (NYSE:CRM)
Salesforce Inc. (NYSE:CRM) delivered a rebuttal to fears of stalled AI adoption in its third-quarter earnings report Wednesday, presenting data that directly contradicts recent channel checks suggesting customers were stuck in “pilot purgatory.” CRM stock is gaining positive traction. Get the inside scoop here. Breaking the ‘Testing’ Cycle While analysts and partners had warned of “gradual” uptake and contracting pipelines heading into the print…
Associated Press News
Salesforce CEO vies to overcome investors' AI skepticism while touting company's quarterly numbers
After riding the artificial intelligence craze to new heights, business software maker Salesforce has been pummeled by a wave of investor skepticism that’s intensified the pressure on its persuasive CEO Marc Benioff to reverse the tide.
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