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Cloud Stocks: Salesforce Defies Market Turbulence

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 the market's forecast of $2.06 per share. By segment, Subscription and support revenues grew 13% to $8.14 billion. Professional services and other revenues fell 4% to $0.58 billion. Current remaining performance obligations grew 14% to $23.9 billion compared with estimates of $23.22 billion. For the fourth quarter, Salesforce forecast revenues of $9.18-$9.23 billion and an EPS of $2.25-$2.26. T ....

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Salesforce, AWS expand partnership

Salesforce, AWS expand partnership
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Generative AI Technology Leads AWS Agenda at re:Invent 2023

IIn an effort to upstage Microsoft in the AI space, AWS CEO Adam Selipsky invited NVIDIA CEO Jensen Huang and Dario Amodei, co-founder of Anthropic, to share the ....

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Salesforce and AWS deepen partnership on sidelines of re:Invent

Growing the economy, creating jobs and taking care of the environment are all high on South Africa s agenda.. ....

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Salesforce, AWS expand partnership

Salesforce, AWS expand partnership. The expanded agreement makes it easier for customers to seamlessly and securely manage ....

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