salesforce(US:CRM) CNBC·2025-12-03 21:10Core Insights - Salesforce reported better-than-expected earnings and revenue guidance for the fourth quarter, leading to a rise in stock price during extended trading [1][2] - The company experienced an 8.6% revenue increase year-over-year in the fiscal third quarter, with net income rising to $2.09 billion from $1.53 billion [1] - For the fiscal fourth quarter, Salesforce anticipates adjusted earnings per share between $3.02 and $3.04, with revenue projected between $11.13 billion and $11.23 billion, indicating a growth rate of 11% to 12% [2] Financial Performance - In the fiscal third quarter, Salesforce's revenue was $10.26 billion, slightly below the expected $10.27 billion, while adjusted earnings per share were $3.25, exceeding the expected $2.86 [6] - The net income for the third quarter was $2.09 billion, or $2.19 per share, boosted by a $263 million gain from strategic investments [1] - Annualized revenue from the newly introduced Agentforce AI software surged 330% year-over-year, exceeding $500 million [5] Strategic Moves - Salesforce made strategic acquisitions of AI startups Regrello and Waii during the fiscal third quarter, enhancing its AI capabilities [4] - The company launched Agentforce AI software aimed at automating IT service requests and set a fiscal 2030 revenue target of $60 billion, surpassing analyst expectations [4] Market Context - Salesforce's stock has underperformed compared to the broader tech sector, down 29% in 2025, while the Nasdaq has gained approximately 21% [3] - Concerns regarding the impact of artificial intelligence on Salesforce's product capabilities have contributed to the stock's underperformance [3]