Salesforce shares rise after earnings beat on revenue, fourth-quarter guidance

▤ Summary

Marc Benioff, chief executive officer of Salesforce speaks during the World Economic Forum (WEF) in Davos, Switzerland on January 18, 2024. "We delivered another quarter of exceptional financial performance across revenue, margin, cash flow, and cRPO," Salesforce CEO Marc Benioff said in a statement. "Agentforce, our complete AI system for enterprises built into the Salesforce Platform, is at the heart of a groundbreaking transformation." That same month, activist investor Starboard Value revealed that it boosted its position in Salesforce by roughly 40% in the second quarter following the firm issuing a letter earlier in the year saying that Salesforce was continuing to move "in the right direction" in regards to improving its profit margin. Starboard Value released a presentation in October in which it noted that Salesforce "can continue to become more efficient and more profitable."

▦ Linked Companies

Salesforce

$1B+