Latest news with #CharlieMiner
Time of India
4 days ago
- Business
- Time of India
Salesforce raises annual results forecast on strong cloud spending
Salesforce raised its revenue and adjusted profit forecasts for fiscal 2026 on Wednesday, as the enterprise software provider benefits from strong cloud spending while ramping up monetisation of its artificial intelligence agents. Cloud spending from major enterprises has remained resilient even amid global macroeconomic uncertainty over the past few months, as companies invest heavily in artificial intelligence to modernize their digital infrastructure. Shares of the company were up around 1.5% in extended trading. Higher cloud spending bodes well for Salesforce's efforts to ramp up monetization for its AI agent platform, Agentforce , as it bets big on agentic technology to spur adoption of its software offerings. The company said it closed over 8,000 deals since launching Agentforce, with half of them already paid. Its Data Cloud and AI annual recurring revenue has exceeded $1 billion. While Agentforce's monetization has underperformed investors' expectations, "experts have cited a multi-billion dollar revenue opportunity by the end of 2026, with the expectation that Agentforce will ultimately become Salesforce's largest revenue contributor," said Third Bridge analyst Charlie Miner. Salesforce bought data management platform Informatica for about $8 billion on Tuesday to bolster its data tools. The company's re-entry into big-ticket M&A after years on the sidelines sparks concerns about Salesforce's ability to return to double-digit growth without relying on acquisitions. "The acquisition of Informatica represents an attempt by the company to compensate for the slowing organic growth," said Gil Luria, analyst at D.A. Davidson. The company expects fiscal 2026 revenue to be between $41 billion and $41.3 billion, compared with its prior forecast range of $40.5 billion to $40.9 billion. It raised its full-year forecast for adjusted earnings per share to a range of $11.27 to $11.33, compared to its previous forecast of $11.09 to $11.17 per share. The company reported first-quarter revenue of $9.83 billion, beating estimates of $9.75 billion, according to data compiled by LSEG.
Yahoo
20-04-2025
- Politics
- Yahoo
Cities of Orono, Long Lake turn down the heat in ongoing fire department feud
A protracted legal feud over fire services between Orono and Long Lake appears to be coming to an end, thanks to a newly announced agreement between city leaders. Last Thursday, the mayors of Orono and Long Lake, Bob Tunheim and Charlie Miner, respectively, announced a "shared vision" to collaborate on the formation of a "consolidated" inter-city fire department. This signals a breakthrough in a legal conflict that began in 2023, when Orono created its own fire department after years of receiving fire services from neighboring Long Lake. Orono leaders wanted a "more efficient fire department" with faster response times, but the move was apparently in breach of a longstanding contract between the cities, as KSTP reports. Long Lake sued, and during the legal battles that followed, the city of Orono was twice found in contempt for allegedly recruiting Long Lake firefighters against a court order. As Long Lake argued, the recruitment efforts "hindered" the Long Lake Fire Department's services and would prove "catastrophic" to the department if left unchecked. However, things took a turn in the 2024 elections when Orono voters chose a new mayor and city council members, all of whom wanted to bring an end to the inter-city scuffle. Months of negotiations later, the mayors' joint press release says the two cities now have a "framework for aligning staffing, response coverage, training, and station access in the months ahead," all designed to "improve service" for both communities. The release notes that the measure is "not the final answer" but a "step forward" in the fire services conflict. The mayors say they will seek community feedback on how the new department is built, starting with a "Joint Fire Forum" happening May 8 at Trinity Lutheran Church in Long Lake. According to the Star Tribune, officials are aiming to have the new department set up by January 2026. The announcement of the joint fire department was met with a positive response from local residents. "So refreshing to see collaboration once again," reads a Facebook post by the nonprofit Friends of Orono. "Orono and Long Lake with mutual respect for each other and their firefighters pull our communities together for both better safety and fiscal responsibility."
