Salesforce's Q3 earnings were mixed, but raised revenue guidance and stock soared 11%.

From Nasdaq: 2024-12-05 07:23:00

Salesforce, Inc.’s Q3 fiscal 2025 results were mixed, with revenues exceeding expectations but EPS falling short. Despite this, the company raised its full-year revenue guidance, boosting investor confidence. The stock soared 11% on Wednesday and has outperformed industry peers like Microsoft, Intuit, and Adobe.

Although facing near-term challenges, Salesforce’s core cloud platforms, like Sales Cloud and Service Cloud, continue to perform well with double-digit revenue growth. The company’s focus on generative AI tools, improved profitability, and cost optimization measures position it for long-term success. Salesforce slightly raised its full-year revenue guidance, reflecting confidence in sustained demand.

Investors looking for exposure to cloud solutions and CRM software may find holding Salesforce stock beneficial. Despite concerns like decelerating revenue growth and economic uncertainty, the company’s strategic focus on AI innovation and cost management present reasons to stay invested. Salesforce currently holds a Zacks Rank #3 (Hold) status.



Read more at Nasdaq: Should You Buy, Sell or Hold Salesforce Stock After Q3 Earnings?