Dec. 5 at 8:24 PM
Salesforce shares rose 5% after posting better-than-expected Q3 earnings, despite slightly missing revenue estimates. The stock is up 13% over five days, set for its best week since 2023.
Adjusted EPS was
$3.25 vs.
$2.86 expected; revenue rose 8.6% YoY to
$10.26B, just below
$10.27B estimates. Despite a 21% YTD drop, investors are optimistic about AI boosting Salesforce’s products rather than replacing them.
The company acquired AI startups Regrello and Waii and is expanding its Agentforce platform, which automates business tasks. Agentforce’s annual recurring revenue jumped 330% YoY to
$540M, highlighting strong adoption in customer service.
CEO Marc Benioff emphasized AI’s role in enhancing workflows and customer experiences. Analysts expect solid growth, fiscal discipline, and improved operating margins in 2026.
$CRM