Salesforce lifts annual forecast as business software demand stays strong
Related company: Salesforce (https://www.salesforce.com)
Salesforce raised its annual revenue forecast on Wednesday and projected quarterly sales above estimates as it benefits from a recent price hike and resilient demand for its cloud and business software offerings. The results indicate a recovery in technology spending in the second half of 2023. Salesforce has also integrated artificial intelligence into its offerings and launched a generative AI product called Einstein GPT. The company expects revenue to be between $8.70 billion and $8.72 billion in the third quarter, and it has raised its annual revenue forecast to between $34.7 billion and $34.8 billion.
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