Salesforce is a leading cloud-based software company that specializes in customer relationship management (CRM) solutions. It provides a comprehensive suite of applications designed to help businesses manage their sales, marketing, customer service, and analytics more effectively. By leveraging innovative technologies such as artificial intelligence and automation, Salesforce enables organizations to streamline their processes, enhance customer engagement, and drive growth. The company is committed to delivering a robust platform that allows businesses of all sizes to connect with their customers and gain valuable insights from data, ultimately fostering lasting relationships and improving overall business performance.
It’s deja vu all over again, to quote the great Yogi Berra. The S&P 500 and the Nasdaq have once again notched new closing highs this afternoon, and for the third session in a row.
Customer relationship management software maker Salesforce (NYSE:CRM) reported Q3 CY2024 results beating Wall Street’s revenue expectations, with sales up 8.3% year on year to $9.44 billion. On the other hand, next quarter’s revenue guidance of $10 billion was less impressive, coming in 0.5% below analysts’ estimates. Its non-GAAP profit of $2.41 per share was 1.5% below analysts’ consensus estimates.
Salesforce Inc. and Palantir Technologies Inc. are spearheading what Wedbush Securities Managing Director Dan Ives calls an "AI revolution" in the enterprise software industry, in an interview on Tuesday, Dec. 3, 2024, with Oracle Corp. positioned to capitalize on the transformation in 2025.
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