Salesforce's third-quarter revenue beats on strong cloud demand
Client spending on Salesforce's software products and data cloud has remained healthy as companies seek to streamline and enhance their corporate workflows and process large quantities of data while integrating artificial intelligence.
The company's revenue for the third quarter rose 8% to $9.44 billion, beating the average analyst estimate of $9.35 billion, according to data compiled by LSEG.
Salesforce has been betting big on its new Agentforce product to help reinvigorate growth rates, joining other tech companies such as Microsoft in developing AI agents that can autonomously complete tasks.
«The true turning point hinges on Agentforce execution and adoption,» Third Bridge analyst Charlie Miner said.
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