US tech major Salesforce recorded revenue of $10.3bn for the third quarter of fiscal year 2026 (Q3 FY26), ending 31 October 2025, up from $9.4bn in the same period last year. This represents a year-over-year increase of 9% and 8% in constant currency. Net income for the quarter reached $2.08bn, compared to $1.52bn a year earlier. Operating expenses totalled $5.8bn, up from $5.4bn in the previous year’s third quarter. The company reported operating cash flow of $2.3bn for the quarter, a 17% increase yea ...

Market Overview - U.S. stock futures rose on Thursday, following gains on Wednesday, with major benchmark indices slightly higher [1] - The ADP report indicated a loss of 32,000 jobs in November, missing the forecast of a 5,000 gain, reinforcing views of a cooling labor market [2] - The 10-year Treasury bond yielded 4.09%, while the two-year bond was at 3.51%, with an 87% likelihood of a Federal Reserve rate cut in December [2] Stock Performance - UiPath Inc. (NYSE:PATH) saw a premarket jump of 9.02% after reporting strong third-quarter results and issuing optimistic fourth-quarter sales guidance [6] - Salesforce Inc. (NYSE:CRM) rose 2.02% following better-than-expected third-quarter earnings and an increase in FY26 guidance [6] - Snowflake Inc. (NYSE:SNOW) tumbled 8.87% despite reporting better-than-expected third-quarter results, as its operating margin guidance weighed on shares [6] - Lululemon Athletica Inc. (NASDAQ:LULU) was up 0.0055% with expectations of quarterly earnings at $2.21 per share on revenue of $2.48 billion [14] - Nauticus Robotics Inc. (NASDAQ:KITT) soared 31.41% after reports of support from Commerce Secretary for growth in the robotics sector [14] Economic Insights - Professor Jeremy Siegel identified a critical turning point for the U.S. economy, suggesting that the falling 10-year Treasury yield indicates potential Federal Reserve policy changes [11] - Siegel described the current labor market as a "no-fire, no-hire" environment, supporting continued consumer spending despite negative sentiment [12] - He highlighted the competition in the AI sector, particularly between platforms like Gemini and OpenAI, while maintaining a positive long-term outlook for AI's impact on productivity and earnings [12][13]

Market Overview - U.S. stock futures rose on Thursday, following gains on Wednesday, with major benchmark indices slightly higher [1] - The ADP report indicated that U.S. private employers shed 32,000 jobs in November, missing the forecast for a 5,000 gain, reinforcing views of a cooling labor market [2] - The 10-year Treasury bond yielded 4.09%, while the two-year bond was at 3.51%, with an 87% likelihood of a Federal Reserve interest rate cut in December [2] Stock Performance - UiPath Inc. (NYSE:PATH) jumped 9.02% in premarket after reporting strong third-quarter results and issuing fourth-quarter sales guidance above estimates [6] - Salesforce Inc. (NYSE:CRM) rose 2.02% after better-than-expected third-quarter earnings and raising its FY26 guidance [6] - Snowflake Inc. (NYSE:SNOW) tumbled 8.87% despite reporting better-than-expected third-quarter results, as its operating margin guidance weighed on shares [6] - Lululemon Athletica Inc. (NASDAQ:LULU) was up 0.0055% with analysts expecting quarterly earnings of $2.21 per share on revenue of $2.48 billion [14] - Nauticus Robotics Inc. (NASDAQ:KITT) soared 31.41% following reports of support from Commerce Secretary for growth in the robotics sector [14] Economic Insights - Professor Jeremy Siegel identified a critical turning point for the U.S. economy as the 10-year Treasury yield falls, suggesting a 25-basis-point cut is likely in the upcoming Federal Reserve meeting [11] - Siegel described the current labor market as a "no-fire, no-hire" environment, supporting continued consumer spending despite negative sentiment [12] - The technology sector is experiencing intense competition between major AI platforms, with a long-term positive outlook for productivity and earnings [13]

With U.S. stock futures trading mixed this morning on Thursday, some of the stocks that may grab investor focus today are as follows:Wall Street expects Kroger Co. (NYSE:KR) to report quarterly earnings at $1.03 per share on revenue of $34.22 billion before the opening bell, according to data from Benzinga Pro. Kroger shares rose 0.5% to $66.50 in after-hours trading.UiPath Inc. (NYSE:PATH) reported upbeat third-quarter financial results and issued fourth-quarter sales guidance with its midpoint above estim ...

Core Insights - Navatar has announced a strategic partnership with Inven to enhance its CRM platform for private markets by integrating Inven's AI-powered deal-sourcing intelligence [2][7] Group 1: Partnership Overview - The partnership aims to provide investment professionals with a unified, data-rich environment to identify, evaluate, and engage with private companies [2] - The integration is available immediately to private equity firms, investment banks, search funds, and corporate development teams globally [7] Group 2: Key Features of Integration - **Accelerated Deal Discovery**: Inven's AI scans millions of data sources to identify lower- and middle-market opportunities directly within Navatar [3] - **Unified Intelligence**: Insights from Inven sync with Navatar's CRM data, enriching the understanding of each opportunity [4] - **AI-Enhanced Origination**: Navatar AI surfaces deal triggers and engagement recommendations, helping teams connect with relevant companies [5] - **Automated Data Capture**: The integration eliminates manual research and data entry, keeping pipelines continuously updated with fresh intelligence [6] - **Actionable Alerts**: Teams can set real-time alerts for key events, ensuring they do not miss important signals for sourcing or advisory engagement [7] Group 3: Company Backgrounds - Navatar powers private markets by managing relationships and originating deals for various financial sectors, including private equity and venture capital [8] - Inven is recognized for its ability to surface significantly more relevant companies and investors than traditional tools, becoming a new standard in M&A deal sourcing [9]

Salesforce's EPS of $3.25 exceeded the estimated $2.86, showcasing a significant year-over-year increase.The company reported revenue of $10.26 billion, indicating a strong growth trajectory despite slightly missing estimates.Net income rose to $2.09 billion, supported by strategic investments, with future revenue growth anticipated between 11% to 12%.Salesforce (NYSE:CRM) is a leading player in the cloud-based software industry, specializing in customer relationship management (CRM) solutions. The company ...

Core Viewpoint - The Q3 earnings release of Salesforce (CRM) indicates strong performance across key financial and business metrics, supporting a bullish outlook for the company [1] Financial Performance - Salesforce demonstrated robust EPS growth, driven by its strong cash flow generating capacity [1] Business Metrics - The company showed strength in all key financial and business metrics, which is essential for sustaining growth [1]

Core Viewpoint - Salesforce reported a 9% year-over-year revenue growth for Q3, slightly below expectations, but EPS surged by 35%, exceeding forecasts. The AI and data cloud platforms maintained triple-digit annual recurring revenue growth [1][14][25]. Financial Data - Revenue: Q3 revenue reached $10.26 billion, a year-over-year increase of 8.6%, slightly below analyst expectations of $10.28 billion. The previous quarter saw a 9.8% growth [5][20]. - EPS: Non-GAAP diluted EPS for Q3 was $3.25, up nearly 34.9% year-over-year, exceeding the guidance range and analyst expectations [5][20]. - Operating Margin: GAAP operating margin for Q3 was 21.3%, an increase of 1.3 percentage points year-over-year [5][20]. Business Metrics - Subscription and Support: Q3 revenue from subscription and support was $9.73 billion, growing over 9.5% year-over-year [6][20]. - Current Remaining Performance Obligations (CRPO): CRPO stood at $29.4 billion, up 11% year-over-year, slightly above analyst expectations [6][21]. Performance Guidance - Revenue Guidance: For Q4, Salesforce expects revenue between $11.13 billion and $11.23 billion, indicating a year-over-year growth of 11.3% to 12.3% [9][24]. - EPS Guidance: Q4 non-GAAP diluted EPS is projected to be between $3.02 and $3.04, with full-year EPS guidance raised to $11.75 to $11.77 [9][24]. - CRPO Growth: Q4 CRPO is expected to grow approximately 15% year-over-year, exceeding analyst expectations [10][26]. AI and Market Dynamics - AI Performance: Salesforce's AI platforms, particularly Agentforce and Data 360, showed strong performance with annual recurring revenue (ARR) nearing $1.4 billion, reflecting a 114% year-over-year increase [10][25]. - Market Sentiment: Despite strong AI product performance, concerns about AI-related risks and market valuation have led to a significant decline in Salesforce's stock price, which has dropped 28.6% year-to-date [12][17]. - Valuation Concerns: Salesforce's valuation has fallen to its lowest since its IPO, with a forward P/E ratio of about 19, significantly below its historical average [27][28].

Core Insights - Salesforce.com reported $10.26 billion in revenue for the quarter ended October 2025, marking an 8.6% year-over-year increase, with an EPS of $3.25 compared to $2.41 a year ago [1] - The reported revenue was in line with the Zacks Consensus Estimate, showing a slight surprise of -0.05%, while the EPS exceeded expectations by 14.04% [1] Financial Performance Metrics - Remaining performance obligation (RPO) - Current: $29.40 billion, exceeding the average estimate of $29.04 billion [4] - Remaining performance obligation (RPO) - Total: $59.50 billion, slightly above the estimated $59.05 billion [4] - Geographic Revenue - Americas: $6.7 billion, below the average estimate of $7.18 billion, but showing a year-over-year increase of 7.8% [4] - Geographic Revenue - Asia Pacific: $1.09 billion, surpassing the estimate of $1.02 billion, with a year-over-year growth of 9% [4] - Geographic Revenue - Europe: $2.47 billion, exceeding the average estimate of $2.05 billion, reflecting a 10.9% year-over-year increase [4] Revenue Breakdown - Revenues from Professional services and other: $533 million, below the average estimate of $541.51 million, representing a year-over-year decline of 5.7% [4] - Revenues from Subscription and support: $9.73 billion, slightly above the average estimate of $9.72 billion, with a year-over-year increase of 9.5% [4] - Revenues from Subscription and support - Agentforce Service: $2.5 billion, matching the estimate, with a year-over-year increase of 9.1% [4] - Revenues from Subscription and support - Agentforce Marketing and Agentforce Commerce: $1.36 billion, slightly below the estimate of $1.39 billion, with a year-over-year increase of 2% [4] - Revenues from Subscription and support - Agentforce 360 Platform, Slack and Other: $2.18 billion, exceeding the estimate of $2.07 billion, reflecting a year-over-year increase of 19.5% [4] - Revenues from Subscription and support - Agentforce Integration and Agentforce Analytics: $1.39 billion, below the estimate of $1.47 billion, with a year-over-year increase of 6.1% [4]

Economic Overview - U.S. private employers cut 32,000 jobs in November, reversing October's gains and indicating renewed labor-market weakness [1] - The ADP data showed broad declines led by small businesses and major sectors like manufacturing and professional services, with pay growth continuing to slow [1] Market Reaction - The Dow Jones Industrial Average rose over 400 points, closing nearly 0.9% higher at 47,882.90, driven by expectations of an upcoming rate cut [2] - The S&P 500 and Nasdaq also saw gains, closing at 6,849.72 and 23,454.09 respectively [2] Company Performance: Salesforce - Salesforce reported third-quarter revenue of $10.26 billion, slightly below expectations, but adjusted earnings of $3.25 per share exceeded estimates of $2.86 [3] - Remaining performance obligations increased by 11% to $29.4 billion, with AI-driven products generating $1.4 billion in ARR [3] - The company raised its full-year revenue and earnings outlook [3] Company Performance: Snowflake - Snowflake's stock increased by 2.05%, closing at $265, but dropped 7.9% in after-hours trading to $244.05 [4] - The company posted third-quarter revenue of $1.21 billion, with adjusted earnings of 35 cents, beating estimates [5] - Revenue rose 29% year-over-year, and remaining performance obligations jumped 37% to $7.88 billion, although slower fourth-quarter operating margins were forecasted [5] Company Performance: UiPath - UiPath shares rose 3.92%, closing at $14.86, and jumped 6.5% in after-hours trading to $15.82 [6] - The company reported third-quarter revenue of $411 million and adjusted earnings of 16 cents per share, exceeding expectations [7] - ARR increased by 11% year-over-year to $1.78 billion, with strong margins and positive free cash flow reported [7] Company Performance: iRobot - iRobot's stock surged by 73.85%, closing at $3.39, following reports of a potential executive order from the Trump administration to boost the robotics industry [8] - The stock reached a high of $3.50 and a low of $2.12, but slipped 2.4% in after-hours trading [8] Company Performance: Netflix - Netflix shares fell by 4.93%, closing at $103.96, with an intraday high of $106.87 and a low of $102.03 [9] - The company reportedly explored acquiring Warner Bros. Discovery's studios and streaming operations, framing the deal as a consumer cost-cutting bundle with HBO Max [10] - The merger discussions faced political pushback, including criticism from the Pentagon and GOP objections over Netflix's potential market power [10]