Salesforce shares were up 5% on Tuesday after the company reported its fiscal third-quarter earnings, reporting revenue and fiscal fourth-quarter guidance that exceeded analysts' expectations.
Salesforce said it expects fiscal fourth-quarter sales of between $9.9 billion and $10.10 billion. Analysts were projecting $10.05 billion in fourth-quarter sales.shares were up 9% on Tuesday after the company reported its fiscal third-quarter earnings, reporting revenue and fiscal fourth-quarter guidance that exceeded analysts' expectations.
Salesforce said that it is expecting fiscal fourth-quarter sales to come in between $9.90 billion to $10.10 billion. Analysts were projecting $10.05 billion in fourth-quarter sales.The company said that it expects an earnings per share between the range of $2.57 and $2.62 in the fourth-quarter, compared to analysts' expectations of $2.65.Salesforce also raised the low end of its revenue guidance for its fiscal 2025 to come between $37.8 billion and $38 billion.
In a call with analysts, Benioff boasted about Salesforce's latest artificial intelligence push, including the company's AI-powered chatbots dubbed Agentforce, which investors are closely. Several companies have said they believe that these advanced chatbots represent the next logical step from ChatGPT and other related tools powered by large language models.