Salesforce reported strong Q3 results, surpassing expectations with earnings per share at $3.25 against an anticipated $2.86. Revenue reached approximately $10.3 billion, with an optimistic Q4 outlook estimating between $11.13 and $11.23 billion. Notably, the company’s Agent Force platform saw impressive growth, boasting annual recurring revenue of $1.4 billion—up 114% year-over-year—while also surpassing half a billion in revenue for Agent Force with a staggering 333% increase. With 9,500 paid Agent Force accounts, Salesforce is strategically positioning itself in the competitive AI market, crucial for its long-term sustainability. Although the stock faced challenges, analysts remain bullish, with approximately 80% rating it as a buy. As Salesforce prioritizes AI integration, its focus on innovations like Agent Force positions it well in an evolving landscape, aiming to capture market share amid concerns about AI-driven disruptions. Overall, investor sentiment reflects a positive outlook for Salesforce.
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