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Salesforce Stock Surge 11%, Reach All-Time High on Strong Potential of Its AI Products

Cloud-based software company Salesforce saw its shares surge 11% on Wednesday to reach a new all-time high. The jump came after the company beat the Wall Street estimates with its third-quarter earnings and indicated a strong potential for its artificial intelligence products. Salesforce reported a...

Salesforce Earnings Come Above Expectations, Company Announces CFO Change

Cloud-based software firm Salesforce shared its fiscal second-quarter earnings report, which came above analysts’ expectations. The company also announced the departure of its Chief Financial Officer, Amy Weaver. Salesforce reported $9.33 billion in revenue for Q2, marking an 8% increase compared to the same period...

Salesforce Stocks Surges After Beating Revenue Outlook

Salesforce stocks jumped by 5% during after-hours trading on Wednesday after releasing its quarterly results. The CRM software company beat Wall Street estimates for its revenue, margins, and earnings per share. "We are very thirsty to make sure that Salesforce is the No. 1...

Activist Investor Elliott Management Won’t Pursue Changes on Salesforce’s Board

Improved results in the Q4 earnings report have allowed Salesforce to keep activist investor Elliott Management from pursuing changes on the company’s Board of Directors. This was confirmed by both Elliott and Salesforce on Monday. Elliott revealed a multi-billion investment in Salesforce earlier this year...