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These deals are still relevant. ... They're part of this new chapter of Salesforce as a growth company rather than a hyper-growth company." Allie Garfinkle is a Senior Tech Reporter at Yahoo Finance.
(Reuters) -Salesforce is laying off about 700 employees, or roughly 1% of its global workforce, the Wall Street Journal reported on Friday, in the latest round of job cuts to hit the tech industry.
Salesforce raised 2024 guidance to 28% (550 basis points leverage) above estimates. The north star remains $10 plus earnings power in calendar year 2025, implying a $200-$250 stock at 20-25x."
Salesforce CEO Marc Benioff said the company is focused on two areas, its financials and AI, stating, "I don't think any company is more well positioned for the future of artificial intelligence."
Salesforce, Inc. is an American cloud-based software company headquartered in San Francisco, California.It provides applications focused on sales, customer service, marketing automation, e-commerce, analytics, artificial intelligence, and application development.
Salesforce introduced Agentforce, its own agentic AI tool, in September. The technology could superpower the company's next stage of growth. Now, one Wall Street analyst seems to be taking notice.
Marc Russell Benioff was born on September 25, 1964, in the San Francisco Bay Area. [5] He is the grandson of Marvin Lewis, a California trial attorney and member of the San Francisco Board of Supervisors who championed the creation of the Bay Area Rapid Transit (BART) system.
Salesforce CEO Marc Benioff told Fortune that the company was making a "hard pivot" to AI agents. ... "We're still going to have humans in our companies, but we're also going to have these agents ...