Salesforce beats on earnings. But the stock slumps anyway as its AI story gets shakier
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The Software Seat-Eater
The Per-Seat ProblemSalesforce, a titan of the cloud software era, has become one of the worst-performing stocks in the S&P 500 this year. The stock has plunged 23%, a dramatic reversal for a company that had soared over 150% in the preceding two years. The slump stands
Salesforce Projects Lackluster Sales Growth, Fueling AI Anxiety - Bloomberg
Tech Earnings: Figma ... Investors have been increasingly anxious that incumbent software makers will be outshined by new AI-based vendors.
Ex-Salesforce co-CEO Bret Taylor's Sierra is the latest $10 billion AI startup
Bret Taylor's artificial intelligence startup Sierra has closed a $350 million funding round
Salesforce's Struggling Stock Needs Earnings to Show AI Progress - Bloomberg
... software giants like Microsoft Corp., Oracle Corp., and Palantir Technologies Inc., all of whom are considered to be stronger in AI. While...
Salesforce slump deepens as stock drops 7% on disappointing guidance
Salesforce's revenue forecast for the current quarter came in below expectations.
Salesforce's weak quarterly revenue forecast signals lagging AI monetization | Reuters
... news you need to start your day. Sign up here. Since OpenAI's ChatGPT launched in 2022, Salesforce has adopted artificial intelligence on a wide...
Salesforce issues weak revenue guidance even as earnings beat estimates
Salesforce reported better-than-expected earnings and revenue for the latest quarter but issued disappointing guidance.
Salesforce CEO confirms 4,000 layoffs ‘because I need less heads' with AI
CEO Marc Benioff revealed the layoffs during an interview on The Logan Bartlett Show podcast.
Salesforce is having a bad year. This is where investors want to see growth
Investors want to see Salesforce's Agentforce artificial intelligence tool for customer service pick up traction.
Enterprise Software weekly - Axios
Chris Metinko here to recap the latest enterprise tech happenings as summer winds down. My inbox is open for tips, intros and even complaints...
Cohere hits a $6.8B valuation as investors AMD, Nvidia, and Salesforce double down
But it has been a sleeper entrant in the AI model wars of late, dominated by OpenAI, Anthropic, and Meta. Its market proposition, however, has...
Seoul-based Datumo raises $15.5M to take on Scale AI, backed by Salesforce | TechCrunch
Subscribe for the industry's biggest tech news. TechCrunch Daily News. Every weekday and Sunday, you can get the best of TechCrunch's coverage. Add...
Google says hackers stole its customers' data by breaching its Salesforce database
Google attributed the breach to a hacking group, ShinyHunters, known for targeting big companies and their cloud-based databases.
