TECH - Salesforce Delivered Stellar Results And Unveiled Transforming AI Partnership With Amazon | Benzinga
Salesforce Inc (NYSE: CRM) reported stellar third quarter results, leading its shares to rise by about 10% to their highest level since last January. On November 27th, Salesforce also revealed it is significantly expanding its AI-focused partnership with no other than Amazon.com Inc (NASDAQ: AMZN) through which they will infuse new AI capabilities into their workflows.
Salesforce’s Third Quarter Highlights
For the quarter ended on October 31st, Salesforce reported revenue grew 11% YoY to $8.72 billion with adjusted profit of $2.11 per share, both of which topped Wall Street expectations.
Its biggest unit that provides customer support experienced a 12% revenue rise to $2.07 billion. Sales software also experienced a 12% rise as revenue amounted to $1.9 billion. Platform and other revenue that includes Slack reported a 11% rise as sales amounted to $1.69 billion. All in all, subscription ...