Weak jobs figures from ADP has helped solidify the belief that another 25 basis-point (bps) rate cut is coming next week.
Could a bit of fresh momentum from Salesforce's AI offerings be just what the company needed to kick-start a recovery in its stock?
Salesforce.com (CRM) came out with quarterly earnings of $3.25 per share, beating the Zacks Consensus Estimate of $2.85 per share. This compares to earnings of $2.41 per share a year ago.
Salesforce Inc (NYSE:CRM, XETRA:FOO) shares added almost 6% after Wednesday's closing bell as it impressed investors with a solid financial report for third quarter and improved full-year revenue guidance. The company raised its full-year revenue guidance, now expecting revenue in the range of $41.45 billion to $41.55 billion, representing growth of 9% to 10% over the previous year.
Salesforce delivered an earnings beat but fell just short of consensus on revenue. The company issued a revenue forecast for the current quarter that topped estimates.
Salesforce raised its fiscal 2026 revenue forecast on Wednesday, anticipating growth from its artificial intelligence agent platform due to strong enterprise demand.
Salesforce Inc (NYSE:CRM, XETRA:FOO) is expected to report third-quarter results broadly in line with Wall Street estimates, according to Jefferies, whose partner survey showed steady demand but limited near-term catalysts ahead of the company's analyst day. Jefferies' 20-partner survey was “neutral to positive,” with 70% of respondents above or at plan for the quarter ending in October.
Salesforce is scheduled to report earnings after the market closes later today, with traders anticipating a big move in the software giant's stock.
Bryn Talkington, Managing Partner of Requisite Capital Management, joins CNBC's "Halftime Report" to explain why she's selling Salesforce here. The Committee discuss their Cyber Strategy.
The company has become more profitable in recent years, even as the pace of sales has slowed.
Adobe (NASDAQ: ADBE) and Salesforce (NYSE: CRM) both reported earnings showing software giants racing toward AI through completely different routes.
To dispel the fear that AI is eating software, Salesforce will need to show increasing Agentforce adoption and monetization.