What's Going On With Salesforce Stock?
Portfolio Pulse from Adam Eckert
Salesforce Inc (NYSE:CRM) announced plans to raise prices for some of its cloud and marketing tools by an average of 9% in August. This will be the first price increase in seven years. The company also highlighted its progress on AI, stating it's exploring how generative AI can improve efficiency and productivity. Salesforce shares were up 3.05% at $219.37.
July 11, 2023 | 2:10 pm
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Salesforce plans to raise prices for some products by 9% in August. The company also highlighted its progress on AI. Shares were up 3.05%.
The announcement of a price increase for Salesforce's products indicates a potential increase in revenue, which is likely to be viewed positively by investors. This is reflected in the 3.05% increase in the company's share price. The company's progress on AI could also be a positive signal for future growth.
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