Salesforce CEO on robot sales agents, Microsoft's AI letdowns, and big earnings beat

📆 29/08/2024 01:24:00
📰 YahooFinanceCA

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Marc Benioff Notícia

Operating Margins,Salesforce,Operating Margin

Salesforce CEO Marc Benioff says his company remains as committed to profit growth and AI innovation as ever.

Shares of the SaaS company popped 4% in after-hours trading on Wednesday as it bested Wall Street estimates on sales, operating margins, and earnings.

The company maintained its full year sales outlook, but lifted its expectations for operating margins. That may spur enthusiasm that Salesforce's various AI initiatives will boost profits. He also says Microsoft has "misled" customers "that they have to do so much heavy lifting on the technology side." Salesforce aims to enable customers to train their models within its platform."One of the biggest initiatives in the field is around monetizing the AI theme within the Salesforce massive installed base.

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