• BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
FinanceTime
  • August 20th, 2026

FinanceTimeFinancetime

  • BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
A logo of Salesforce is seen at its exhibition space, at the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France June 16, 2022. Benoit Tessier
A logo of Salesforce is seen at its exhibition space, at the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France June 16, 2022. Benoit Tessier
Home
Tech
Technology

Salesforce raises annual profit view on steady cloud demand

November 29th, 2023 | 21:15 PM TECH Technology 2

Facebook Twitter Google+ LinkedIn Pinterest

Worth reading...

Uber launches autonomous rides in Zagreb, its first in Europe
Payments firm Stripe to buy AI developer platform OpenRouter
Irish lawmakers summon TikTok over videos glorifying dangerous driving
Marvell gives Google option to buy $12.2 billion stake in custom AI chip deal
By Zaheer Kachwala

Salesforce (CRM.N) raised its annual profit forecast and its third-quarter results beat Wall Street targets on Wednesday, benefiting from a strong demand for its cloud and business products in an uncertain economy.

Its shares rose 7% after the bell as it also forecast fourth-quarter revenue and profit above expectations, raising optimism that tech spending is picking up pace in the second half as inflation cools.

The company now expects full-year adjusted profit between $8.18 and $8.19 per share compared with $8.04 to $8.06 it had forecast earlier.

This also indicates that the profitability push is paying off for the company that has primarily gained market share through acquisitions and by expanding its product portfolio.

Salesforce had said in September it would hire more than 3,000 people across various departments after cutting jobs by 10% in January to drive up margins.

"Salesforce's terrific earnings are another signal that their core business is trending upward, as their increasingly profitable growth and forecasted AI tailwinds continue to fuel a tremendous YTD stock resurgence," said Third Bridge analyst Charlie Miner.

The company launched its generative AI tool, Einstein Copilot, which can summarize video calls and generate emails for various purposes across its suite of apps, including Slack and Tableau, in September.

Salesforce expects fourth-quarter adjusted profit in the range of $2.25 to $2.26 per share compared with estimates of $2.17.

It forecast revenue between $9.18 billion and $9.23 billion, the midpoint of which exceeded estimates of $9.21 billion, according to LSEG data.

The company's third-quarter revenue of $8.72 billion narrowly beat expectations, while adjusted profit of $2.11 per share beat estimates by 5 cents.

It also raised the lower end of its annual revenue forecast to $34.75 to $34.8 billion.

  • Topic
  • RESULTS/ (UPDATE 3, PIX)
  • SALESFORCE
Facebook Twitter Google+ LinkedIn Pinterest
Previous article Uber launches autonomous rides in Zagreb, its first in Europe

Related Posts

Technology
August 19th, 2026

Uber launches autonomous rides in Zagreb, its first in Europe

Technology
August 19th, 2026

Payments firm Stripe to buy AI developer platform OpenRouter

Technology
August 19th, 2026

Irish lawmakers summon TikTok over videos glorifying dangerous driving

Technology
August 19th, 2026

Marvell gives Google option to buy $12.2 billion stake in custom AI chip...

Technology
August 19th, 2026

Nebius plans $4.5 billion convertible debt sale to fund data centers, AI...

Technology
August 19th, 2026

Analog Devices' quarterly forecast tops estimates on AI-fueled chip dema...

The Wire
Aug 20th 1 h ago
Media & Telecom

'Baby Shark' boy returns to stage as a K-pop singer

Aug 20th 1 h ago
Litigation

SK Hynix to pay 60% of employee bonuses in company stock un...

Aug 20th 1 h ago
Asia Pacific

Outsider who could decide New Zealand's next government wan...

Aug 20th 1 h ago
Business

Aegon raises share buyback plan to 350 million euros

Aug 20th 1 h ago
Africa

South Africa's Exxaro half-year profit down 20%, cuts divid...

TRENDING ON FINANCETIME
Aug 20th, 2026 Cricket

Australia look for response to 'Darwin Disaster' in second Bangladesh test

Aug 20th, 2026 World

Russia strikes drone component facilities, other targets in Kyiv, defence ministry says

Aug 20th, 2026 Asia Pacific

China's Shanghai eases housing policies to spur demand

Aug 20th, 2026 Boards, Policy & Regulation

Fortescue hires law firm to investigate sexual harassment allegations against senior executive

Aug 20th, 2026 Transactional

Treasury's upsized buybacks may complicate Fed's monetary policy work

Markets-Sectors
BASIC MATERIALS +1.43%
UTILITIES +0.00%

  • BUSINESS
  • MARKETS
  • WORLD
  • POLITICS
  • TECH
  • COMMENTARY
  • BREAKINGVIEWS
  • MONEY
  • LIFE
  • SECTORS
  • Back to top
FinanceTime
FinanceTime

World Business & Financial News, Breaking US & International News

Additional Services
  • Privacy-Policy
  • Terms and Conditions
© Financetime.org 2026. All rights reserved. Hosted by LeadsDeposit.com
Produced by C-iT