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Salesforce updates AI offerings with new support and functionality, such as vector database support and enhancing its Einstein Copilot generative assistant.
Salesforce Inc.'s recent financials showed that the cloud software giant is now in a slower growth phase.
Salesforce (NYSE: CRM) recently announced its third quarter results that continued to surpass market expectations. While its growth rate has slowed down, the market remains positive, and sent the stock soaring 8% to a 52-week high in the after-hours trading session. Salesforce's stock has climbed over 70% this year, significantly outperforming the Nasdaq which grew 36% in the year. Salesforce's Financials Salesforce's revenues for the third quarter grew 11% to $8.72 billion, at par with analyst estimates of $8.72 billion. Adjusted earnings of $2.11 per share were better than th...
Salesforce company now expects full-year adjusted profit between $8.18 and $8.19 per share compared with $8.04 to $8.06 it had forecast earlier.
Salesforce, the leading AI CRM provider, has announced impressive figures for its third quarter fiscal 2024, ending on October 31