Salesforce has 'leverage' for AI, margin growth: Analyst
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Salesforce shares rose by 9% after mixed Q3 results, with revenue exceeding expectations at $9.44 billion, driven by its new AI tool, Agentforce.
December 04, 2024 | 6:00 pm
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Salesforce shares increased by 9% following its Q3 results. The company missed earnings expectations but exceeded revenue estimates, reporting $9.44 billion, largely due to its new AI tool, Agentforce.
Salesforce's stock price rose due to strong revenue performance, despite missing earnings expectations. The positive market reaction is attributed to the success of its new AI tool, Agentforce, which has driven revenue growth.
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