5 Dec 2024 CMB International Global Markets | Equity Research | Company Update Salesforce (CRM US) Inline 3QFY25 results; Agentforce as the key catalyst Salesforce announced inline 3QFY25 results: total revenue was up by 8% YoY to US$9.44bn, and non-GAAP net income grew by 12% YoY to US$2.32bn, both in line with Bloomberg consensus estimate. cRPO was up by 10% YoY on constant currency basis in 3QFY25 and beat previous guidance (+9% YoY), thanks to the early renewal, solid booking performance and strong mome ...

Key TakeawaysThe S&P 500 added 0.6% on Wednesday, Dec. 4, 2024, with tech stocks leading the way higher as investors parsed comments from Fed Chair Jerome Powell.Salesforce shares surged as analysts reacted favorably to the cloud-based software provider's upbeat sales and profit outlook.Shares of Campbell's fell after the snack maker missed quarterly sales estimates and announced the departure of its CEO. Major U.S. equities indexes moved higher Wednesday, boosted by outperformance from the technology secto ...

Key TakeawaysAnalysts raised their price targets after Salesforce improved its full-year outlook.Agentforce, the company's autonomous AI offering, has seen "healthy early interest" since sales began in October, analysts said. Shares of Salesforce jumped Wednesday and have gained nearly 38% this year. Salesforce (CRM) shares are up after the company raised its full-year outlook Tuesday, and analysts are offering increasingly bullish price targets.  Stifel maintained its “outperform” rating and raised its pri ...

Marc Benioff, CEO of Salesforce, appears on a panel at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024.Shares of Salesforce popped more than 8% Wednesday, a day after the company reported third-quarter results that exceeded analysts' estimates for revenue and guidance and showed strong promise for its artificial intelligence offerings.Salesforce's revenue grew 8% year over year to $9.44 billion in its third quarter, up from the $9.34 billion expected by LSEG. The company's net income was $1 ...

Pre-market futures have remained in the green following a key inflation report this morning ahead of the open. The Dow leads the way, +170 points — which has plenty to do with double-digit gains from Salesforce ((CRM) yesterday afternoon — while the S&P 500 and the Nasdaq, fresh off another all-time closing high Tuesday, are up +18 points and +145 points, respectively.ADP Reaches 146K: Smaller than Expected; Manufacturing -26KThis morning, Jobs Week continues with the release of monthly private-sector payro ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Salesforce’s NYSE: CRM Q3 results and guidance weren’t spectacular compared to the analysts' forecasts, but beauty depends on perspective; it is in the eye of the beholder. Despite delivering mixed results, Salesforce proved its leadership position in CRM remains intact and can sustain long-term profitable growth. Critical details include nearly 10% growth in the core business driven by the 4th industrial revolution.  The fourth industrial revolution is centered on technology and accelerated by AI. Salesfor ...

Amazon is introducing an AI chip intended to compete with Nvidia. (Photo by Cesc Maymo/Getty Images)Getty ImagesKey Takeaways Markets Remain Calm Despite South Korea's Marshall Law And Repeal AI Stocks Surge With Salesforce And Marvell Leading Gains Amazon Challenges Nvidia With New AI Chips And PartnershipsStocks were little changed on Tuesday in one of the lightest trading days of the year. All of the major indices were relatively unchanged on a day that began with jolting news out of South Korea. Today, ...

TOPSHOT - A super blue blood moon is seen setting behind Salesforce Tower in San Francisco, ... [+] California before dawn on January 31, 2018. Stargazers across large swathes of the globe — from the streets of Los Angeles to the slopes of a smouldering Philippine volcano — had the chance to witness a rare "super blue blood Moon" Wednesday, when Earth's shadow bathed our satellite in a coppery hue. / AFP PHOTO / JOSH EDELSON (Photo credit should read JOSH EDELSON/AFP via Getty Images)AFP via Getty ImagesSal ...

Salesforce, Inc. (CRM) reported mixed third-quarter fiscal 2025 results, wherein revenues surpassed the Zacks Consensus Estimate but earnings per share (EPS) missed the same. Its non-GAAP EPS of $2.41 fell short of the consensus mark of $2.43. However, the figure increased 14% year over year, driven by higher sales and the benefits of ongoing cost-restructuring initiatives, which include the trimming of the workforce and a reduction in office spaces.Stay up-to-date with all quarterly releases: See Zacks Ear ...