News on Medial

Salesforce's third-quarter revenue beats on strong cloud demand

Economic TimesEconomic Times · 7m ago
Salesforce's third-quarter revenue beats on strong cloud demand
Medial

Salesforce beat expectations with its third-quarter revenue, leading to an 8% increase in its shares. The company benefited from strong spending on its enterprise cloud offerings, as companies continue to streamline workflows and utilize artificial intelligence in data processing. Salesforce's revenue for the quarter reached $9.44 billion, surpassing the estimated $9.35 billion. The company's focus on its Agentforce product, supported by its data cloud, is expected to drive future growth. However, to achieve double-digit growth, analysts suggest increased adoption of Salesforce's services by enterprises will be necessary. Salesforce has also raised its annual revenue forecast for fiscal year 2025.

Related News

Download the medial app to read full posts, comements and news.