From Financial Modeling Prep: 2024-12-04 07:36:00

Salesforce Inc. (NYSE:CRM) shares surged by 13% in pre-market trading after announcing strong annual guidance despite slightly missing third-quarter earnings estimates. The company reported $2.41 in adjusted EPS on revenue of $9.44 billion, beating revenue expectations of $9.35 billion.

Salesforce is heavily investing in AI with its Agentforce product, aiming to create autonomous task-performing agents. The company plans to hire 1,400 employees in the fourth quarter to meet demand, with Agentforce already securing over 200 deals in a week.

The company offered an optimistic outlook, projecting adjusted EPS of $2.57 to $2.62 for the fourth quarter on revenue of $9.90 billion to $10.10 billion. For fiscal 2025, Salesforce raised its revenue forecast to $37.8 billion to $38.0 billion and expects adjusted EPS between $9.98 and $10.03.



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