After-hours surged nearly 9%! Salesforce's Q3 revenue for the 25th fiscal year exceeded expectations, with the CEO stating that Agentforce is driving a groundbreaking transformation.
The results show that Salesforce's third quarter revenue was 9.44 billion USD, an 8% year-on-year increase, exceeding market expectations of 9.35 billion USD; net income was 1.53 billion USD, against a market expectation of 1.406 billion USD and compared to 1.224 billion USD in the same period last year; eps was 1.58 USD, while the market expectation was 1.44 USD.
AI shopping assistants have contributed to usa's "Cyber Monday" sales surpassing 13 billion dollars, a year-on-year increase of 7.3%.
According to a report by adobe, usa consumers reached an online spending of 13.3 billion dollars this year on "Cyber Monday", which is a 7.3% increase compared to Cyber Monday in 2023, surpassing the 10.8 billion dollars spent online on Black Friday. Caila Schwartz, director of consumer research at Salesforce, stated that generative ai tools can answer basic product queries from online shoppers, helping retailers protect their profit margins despite rising costs.
Express News | Investment bank Raymond James raised the target stock price of salesforce from $350 to $425.
Express News | Salesforce Inc : Piper Sandler Raises Target Price to $405 From $395
Salesforce Reports Strong Q3 Fiscal 2025 Results
AI Agent demand is strong! Salesforce's quarterly revenue on Salesforce exceeded expectations, and the stock price soared 10% after hours.
Will recruit 1,400 employees in the fourth quarter to help meet the growing demand for Agentforce.