Salesforce Aims to Lead AI Innovation in Enterprise Tech, Faces Capital Management Challenges

Salesforce Aims to Lead AI Innovation in Enterprise Tech, Faces Capital Management Challenges
With DOGE, Musk, Ramaswamy Confront the ‘Immovable Object’
|Updated:
0:00

Salesforce CRM joins scores of IT companies that have placed artificial intelligence (AI) at the core of their business strategy. The cloud-based software company is positioning itself as a key player in the AI-driven enterprise technology with Agentforce, an AI system built into its platform, according to a statement following the release of its third-quarter financial results.

For years, Salesforce has been delivering solid sales gains to appease momentum investors on Wall Street. On Dec. 4, the company reported an 8 percent rise in annual sales, to $9.4 billion, beating analyst estimates. Net income was $1.5 billion, up 25 percent from a year earlier.
Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”