TECH - Salesforce Shows AI Remains The Gist Of Tech Growth Stories | Benzinga
On Wednesday, Salesforce Inc (NYSE: CRM) topped estimates with its fiscal fourth quarter results. However, it also delivered a weak fiscal 2025 revenue guidance.
Fourth quarter highlights
For the quarter ended on January 31st, the business software maker reported revenue grew almost 11% YoY to $9.29 billion, surpassing LSEG’s estimate of $9.22 billion.
Although pofessional services revenue declined 9%, Salesforce started selling its products on the cloud marketplace of the e-commerce and cloud titan, Amazon.com Inc (NASDAQ: AMZN) during the quarter. The expansion of the strategic partnership between Amazon, the world’s leading cloud provider and Salesforce, the world’s leading CRM platform promises to unleash the power of connected clouds and AI technologies. The alliance between Amazon and Salesforce will undoubtedly help users around the globe to infuse the latest generative artificial intelligence technologies into their workflows. Being available on Amazon Web Services Marketplace gave Salesforce a big new channel as it continues its push towards a ...