Key TakeawaysSalesforce said Thursday that its first artificial intelligence (AI) center will be located in London.The U.S.-based software giant noted that the AI market in the U.K. is expected to grow to more than $1 trillion by 2035.Salesforce also announced $200 million in investments in U.K. AI companies Thursday, as part of a pledge to spend $4 billion on AI growth and innovation in the U.K. over five years. Salesforce (CRM) was the best-performing stock in the Dow Jones Industrial Average Thursday aft ...

G. Mason Morfit, chief executive officer and chief investment officer of ValueAct Capital, speaks virtually during the Active-Passive Investor Summit in New York, U.S., on Tuesday, Oct. 18, 2022.Mason Morfit, Salesforce board member and co-CEO of activist investor ValueAct, has increased his stake in Marc Benioff's software firm to just under $1 billion, acquiring $99 million worth of shares earlier this week, just days after the company reported its first revenue miss since 2006.The trade was disclosed in ...

A Salesforce corporate logo hangs over the front door of the Salesforce Tower on January 22, 2024, in New York City.Gary Hershorn | Getty ImagesLONDON — Enterprise tech giant Salesforce is opening an artificial intelligence center in London, making a bullish bet on the U.K. as a global technology hub.The U.S. software giant said in a statement Thursday that it is opening a more-than 40,000-square-feet facility in London's Blue Fin building, which can host over 300 people.It will be used to encourage industr ...

LONDON, June 06, 2024 (GLOBE NEWSWIRE) -- Slalom, the global business and technology consulting company, today announced at World Tour London the expansion of its partnership with Salesforce, the #1 AI CRM, empowering joint customers to drive the value of AI across the enterprise. As the first strategic System Integrator partner for Salesforce Data Cloud and Einstein 1, Slalom will co-develop new solutions geared toward helping organizations activate data and AI use cases in Salesforce at speed. Slalom will ...

blackdovfx/iStock via Getty Images Salesforce Dropped 20% After Q1 Earnings I covered Salesforce (NYSE:CRM) for the first time in February, and I put out a Buy rating, even though I warned of the valuation risk and mentioned that a smaller allocation might be wiser due to potential volatility in AI stocks to come. Now, after Q1 fiscal 2025 earnings, the stock has dropped ~20% in price. The company missed its revenue estimate by $13.38 million; even though revenue for the period increased 11% YoY and fre ...

We also take a look at some companies that could ride the tailwinds of Nvidia's standout earnings.In this podcast, Motley Fool analyst Tim Beyers and host Mary Long break down Salesforce's earnings and ask whether the stock's slump is warranted.Then, Motley Fool analyst Asit Sharma and host Ricky Mulvey take a look at some companies that could ride the tailwinds of Nvidia's standout earnings.To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing ...

In the last week of May, SaaS stocks faced a reckoning. A revenue miss by Salesforce (NYSE:CRM) triggered one of the sector’s severest selloffs in two years. However, investors have been throwing out the baby with the bath water, creating some attractive SaaS stocks to buy.In hindsight, the selloff in SaaS was slowly brewing under the hood. Over the last three months, the iShares Expanded Tech-Software Sector ETF (BATS:IGV) fell nearly 10% and lagged the S&P 500. Indeed, investors have been assessing the ri ...

Have you evaluated the performance of Salesforce.com's (CRM) international operations for the quarter ending April 2024? Given the extensive global presence of this customer-management software developer, analyzing the patterns in international revenues is crucial for understanding its financial strength and potential for growth.In the current era of a tightly interconnected global economy, the proficiency of a company to penetrate international markets significantly influences its financial health and traj ...

The cloud software giant just disappointed a lot of investors.Salesforce's (CRM 7.54%) stock price plunged 20% on May 30 after the company released its latest earnings report, marking its steepest one-day decline in 20 years. For the first quarter of fiscal 2025, which ended on April 30, the cloud software giant's revenue rose 11% year over year to $9.13 billion but missed analysts' estimates by $40 million. That marked its first top-line miss since 2006. Its adjusted EPS increased 44% to $2.44 and cleared ...

BRAZIL - 2024/05/30: In this photo illustration, the Salesforce logo is seen displayed on a laptop ... [+] screen. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesSalesforce stock (NYSE: CRM) dropped 21.6% on 30th May, as compared to the 1% decrease in the S&P500. In sharp contrast, Salesforce’s peer Oracle (NYSE: ORCL) stock was down only 5% over the same period. The sharp drop in the CRM stock price came after the company declared its ...