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Salesforce (NYSE: CRM) Maintains Strong Performance with AI Initiatives
Financial Modeling Prep· 2025-12-04 18:05
Core Viewpoint - Evercore ISI maintains an "Outperform" rating for Salesforce, indicating strong potential despite a lowered price target from $360 to $340 [1][5] Financial Performance - Salesforce reported a 9% year-over-year revenue increase, reaching $10.26 billion, which aligns with analyst estimates [3] - The company achieved a 35% year-over-year increase in non-GAAP EPS, reaching $3.25, surpassing analyst expectations of $2.86 [3][5] - Free cash flow rose by 22%, demonstrating the company's financial strength [2][5] AI Initiatives - Salesforce's AI and Data portfolio has reached nearly $1.4 billion in Annual Recurring Revenue, reflecting a 114% year-over-year increase [2][5] - The company reported a 70% increase in Agentforce deployments in the third quarter, addressing previous concerns about AI adoption [1][5] Market Activity - Salesforce's stock price is currently at $238.72, reflecting a 1.71% increase, with a market capitalization of approximately $228.58 billion [4]