The company has been heavily investing to integrate its AI technologies into existing products, such as its messaging platform Slack, to enhance their...
- Shares of Salesforce gained more than 5% on Thursday as investors cheered the customer relationship management software maker's upbeat quarterly results and its artificial intelligence push to drive growth.
Wall Street was concerned that tempered cloud spending would affect Salesforce in a tough economy, but the software-as-a-service firm reported better-than-expected revenue, profit and margins in the second quarter. Salesforce is set to add $14 billion to its market capitalization if premarket gains hold. The company's valuation stood at $248 billion as of Wednesday's close.
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