Salesforce Reports $41.5bn Revenue, CEO Dismisses AI Concerns
Full Article Content Loaded
Complete article with 692 characters of detailed content
Audio Reader
Not supported in this browser
Salesforce has reported strong fourth-quarter earnings, reassuring investors that the AI revolution will not threaten the company's growth.
The company announced quarterly revenue of $10.7 billion, representing a 13% year-over-year increase. Annual revenue reached $41.5 billion, up 10% from the previous year, boosted by its $8 billion acquisition of data management company Informatica.
Net income landed at $7.46 billion, with the company projecting revenue of $45.8 billion to $46.2 billion for the coming year.
CEO Marc Benioff expressed confidence in the company's AI strategy, indicating that Salesforce is well-positioned to benefit from AI adoption rather than be disrupted by it.
Article Details
Reading Statistics
Share this story
Source: This article was originally published by TechCrunch. All rights reserved to the original publisher.
Comments
Related Stories
Stay Updated
Get the latest Nigerian news delivered to your inbox.