Salesforce CEO Benioff touts earnings beat, AI opportunities
Salesforce (CRM) reported second quarter results that came in above analyst expectations on both earnings and revenue. The enterprise software giant also gave guidance for the full fiscal year that beat estimates, sending shares of the Dow (^DJI) component higher in after-hours trading.
Salesforce (CRM) Chair and CEO Marc Benioff speaking to Yahoo Finance Executive Editor Brian Sozzi saying "We delivered numbers that other software companies aren't reporting."
Third Bridge Analyst Charlie Miner said the beat on operating margins was key. "I think a lot of people are excited about right now is the beat on adjusted operating margin. Profitability has become fully the focus for Salesforce over the last six quarters, you can't miss there right now, especially when growth is decelerating into the single digits as it is only the second time in their company history the last two quarters that it's done."
In the earnings release, the company announced Amy Weaver will be stepping down as Chief Financial Officer. Benioff saying "Amy has been a phenomenal member of our management team, and I'm looking for a great CFO."
This post was written by Rachel Sherman.
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