Tag: $Salesforce

Salesforce issued disappointing guidance on Wednesday, even as earnings and revenue topped estimates for the fiscal second quarter. The stock dropped 4% in extended trading.

Fresh off the announcement that it plans to acquire Informatica Inc. as a means of boosting its artificial-intelligence offerings, Salesforce Inc. showed investors Wednesday how its existing business is faring.

Salesforce announced Tuesday that it’s buying cloud data management firm Informatica in an $8 billion deal to bolster the enterprise software giant’s push into artificial intelligence.

Salesforce is again in talks to acquire data-management software firm Informatica, according to people familiar with the matter, after a deal between the two fizzled last year.

Salesforce has signed a definitive agreement to acquire Convergence.ai, an AI agent company recognized for developing advanced systems that perform complex, human-like tasks in digital environments.

Salesforce on Wednesday announced plans to invest $1 billion in Singapore over the next five years.

Salesforce is talking down the potential sales 2025 impact of its AI agents after its earnings release.

Salesforce shares jumped 12.5% in premarket trading on Wednesday, after the customer relationship management software maker topped quarterly sales estimates and provided an upbeat forecast for its newly launched AI integrated products.

Shares of Salesforce gained more than 5% on Thursday as investors cheered the customer relationship management software maker’s upbeat quarterly results and its artificial intelligence push to drive growth.

Salesforce Inc. shares fell as much as 17% in premarket trading after the software maker said sales growth in the current quarter will stall to its slowest in history, fueling concerns about the company’s ability to stay relevant as the industry shifts toward artificial-intelligence tools.

Salesforce Inc.’s takeover talks with Informatica Inc. have cooled with both parties struggling to agree to terms, according to a person familiar with the matter.

 Customer relations software maker Salesforce is in advanced talks to acquire Informatica a person familiar with the matter told Reuters on Friday, in the latest sign of increased deal-making in the technology sector.

Salesforce’s results surpassed estimates for the fiscal fourth quarter, but fiscal 2025 revenue guidance came in weak.

Salesforce’s growth rate has slipped in 2023 as businesses look for ways to cut costs.

Salesforce raised its annual revenue forecast on Wednesday and projected quarterly sales above estimates as it benefits from a recent price hike and resilient demand for its cloud and business software offerings in an uncertain economy.

Salesforce reported an earnings and revenue beat and lifted its full-year earnings guidance, but the stock dropped as much as 7% in extended trading as capital costs were higher than analysts expected.