logo
Salesforce earnings are 'better than feared': AI impact in focus

Salesforce earnings are 'better than feared': AI impact in focus

Yahoo5 days ago

Salesforce (CRM) stock is popping in extended trading after the company reported strong first quarter results, had better-than-expected sales, and lifted its full-year outlook.
RBC Capital Markets software equity analyst Rishi Jaluria joins Market Domination with Julie Hyman and Josh Lipton to share his instant reaction to the earnings print.
To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Why Salesforce Is Paying $8 Billion for 'the Plumbing of AI'
Why Salesforce Is Paying $8 Billion for 'the Plumbing of AI'

Yahoo

time2 hours ago

  • Yahoo

Why Salesforce Is Paying $8 Billion for 'the Plumbing of AI'

Salesforce (NYSE:CRM) announced Tuesday that it will acquire Informatica (NYSE:INFA) in a cash deal valued at approximately $8 billion. The acquisition underscores Salesforce's intent to bolster its artificial intelligence capabilities by integrating a core player in enterprise data management. Under the terms of the deal, holders of Informatica's Class A and Class B-1 common stock will receive $25 per share — an 11% premium over the company's closing price of $22.55 on Friday, TechCrunch reported. Don't Miss: Hasbro, MGM, and Skechers trust this AI marketing firm — Invest where it hurts — and help millions heal:. Informatica CEO Amit Walia framed the acquisition as a shared effort to bring data and AI to life, describing Informatica in a statement as the plumbing for AI and data. Informatica's Intelligent Data Management Cloud platform helps enterprises connect, manage, and unify complex data systems across multi-cloud and hybrid environments. "Joining forces with Salesforce represents a significant leap forward in our journey," Walia said in a statement on Tuesday. "We have a shared vision for how we can help organizations harness the full value of their data in the AI era." Steve Fisher, Salesforce's chief technology officer, said that the truly autonomous, trustworthy AI agents need the most comprehensive understanding of their data, adding that Informatica's metadata and catalog tools will complement Salesforce's agentic AI platform, Agentforce. Trending: The acquisition builds on Salesforce's previous investments in data and AI. It follows the company's multibillion-dollar acquisitions of Slack at $27.7 billion in 2021, Tableau at $15.7 billion in 2019, and MuleSoft at $6.5 billion in 2018. According to Salesforce CEO Marc Benioff, Informatica will be integrated alongside Data Cloud, Tableau, and MuleSoft to enable autonomous agents to deliver smarter, safer, and more scalable outcomes for every company. Salesforce's operating and financial chief Robin Washington said the company will move quickly to leverage Informatica's capabilities across public sector, life sciences, healthcare, and financial services verticals, where governed, trustworthy data is critical. The deal is expected to close in early fiscal 2027, pending regulatory approvals and other customary closing was taken private in 2015 through a $5.3 billion deal led by private-equity firm Permira and the Canada Pension Plan Investment Board. Informatica says it serves more than 5,000 customers across nearly 100 countries, including over 80 of the Fortune 100, according to its acquisition announcement. The transaction will be financed through a combination of Salesforce's cash and new debt, the company said in the announcement. Read Next: How do billionaires pay less in income tax than you?. Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? SALESFORCE (CRM): Free Stock Analysis Report INFORMATICA (INFA): Free Stock Analysis Report This article Why Salesforce Is Paying $8 Billion for 'the Plumbing of AI' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.

Dollar General earnings, job openings, Fedspeak: What to Watch
Dollar General earnings, job openings, Fedspeak: What to Watch

Yahoo

time2 hours ago

  • Yahoo

Dollar General earnings, job openings, Fedspeak: What to Watch

Market Domination Overtime hosts Julie Hyman and Josh Lipton preview the top market stories and headlines Wall Street will be paying attention to tomorrow, Tuesday, June 3, including earnings results from discount retailer Dollar General (DG), CrowdStrike (CRWD), and Hewlett Packard Enterprise (HPE); the latest Job Openings and Labor Turnover Survey (JOLTS) results from the US Bureau of Labor Statistics (BLS); and the latest commentary from Federal Reserve officials. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. Time now for what to watch Tuesday, June 3rd, starting off with earnings. Dollar General and Signet Jewelers set to report first quarter results. That'll be before the markets open. Analysts looking at Dollar General for more color on the state of the consumer as tariffs cast a cloud of uncertainty on inflation. After the market close then, we got CrowdStrike and Hewlett Packard Enterprise getting up to report their first quarter earnings. CrowdStrike's latest results will come following a disappointing earnings outlook in March. The cybersecurity company in a state of recovery after its flawed software update last year that caused Windows computer systems to crash globally. Turning to the economy, Wall Street can expect the latest data on job openings for the month of April. Economists expect a slight decrease to 7.1 million openings compared to the 7.2 million in March. And lastly, investors will hear commentary from several Fed officials. Fed governor Lisa Cook, Chicago Fed president Austin Goolsbee, and Dallas Fed president Lorie Logan all expected to speak on Tuesday. This coming as a divide is emerging within the Federal Reserve about the path forward for interest rates. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Dollar General earnings, job openings, Fedspeak: What to Watch
Dollar General earnings, job openings, Fedspeak: What to Watch

Yahoo

time3 hours ago

  • Yahoo

Dollar General earnings, job openings, Fedspeak: What to Watch

Market Domination Overtime hosts Julie Hyman and Josh Lipton preview the top market stories and headlines Wall Street will be paying attention to tomorrow, Tuesday, June 3, including earnings results from discount retailer Dollar General (DG), CrowdStrike (CRWD), and Hewlett Packard Enterprise (HPE); the latest Job Openings and Labor Turnover Survey (JOLTS) results from the US Bureau of Labor Statistics (BLS); and the latest commentary from Federal Reserve officials. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store