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Salesforce Hits Record High With AI Boom Fueling Strong Growth.

Authors :
Ford, Brody
Source :
Bloomberg.com; 12/4/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

Salesforce Inc. saw its shares reach a record high after reporting better-than-expected quarterly revenue, driven by its artificial intelligence strategy. The company's sales increased by 8.3% to $9.44 billion, surpassing analysts' estimates. Salesforce's focus on AI tools called agents, particularly Agentforce, has garnered positive attention and contributed to the company's strong performance. Despite some challenges in certain business units, Salesforce remains optimistic about its future growth and profitability. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
181413491