Tag: $Salesforce

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.