Salesforce beats quarterly estimates with $9.33 billion revenue but CFO stepping down

From Investing.com: 2024-08-28 19:00:51

Salesforce surpassed second-quarter revenue and profit expectations, with revenue reaching $9.33 billion, leading to a 3% rise in shares. However, CFO Amy Weaver is set to step down. Annual profit forecast was adjusted to $10.03-$10.11 per share, but third-quarter revenue fell below estimates. Revenue growth was 8%, the slowest in 10 years. Analysts question the role of AI in future growth. Salesforce reported an adjusted profit per share of $2.56, beating estimates.



Read more at Investing.com: Salesforce beats quarterly estimates on cloud demand, says CFO to step down By Reuters