Salesforce Raises Sales, Profit Outlook

Salesforce has eased concerns about a slowdown by providing a revenue and profit forecast that exceeded estimates. Despite a challenging macro environment, the company is focusing on profit, influenced by activist investors. Salesforce has raised prices for the first time in seven years and implemented job cuts, aiming to reduce headcount by 10% by the fiscal year's end. The company reported $8.6 billion in revenue for the fiscal second quarter, marking an 11% year-on-year growth. Salesforce's new AI tools and future sales projections are promising, with analysts like Dan Ives expressing a bullish outlook, raising the price target from $240 to $255.

What strategic actions has Salesforce taken in response to activist investors?

• Increased marketing budget

• Raised prices and reduced headcount

• Expanded into new markets

• Launched a new product line

How much did Salesforce's revenue grow year-on-year in the fiscal second quarter?

• 20%

• 30%

• 11%

• 5%

What is the cost per user for Salesforce's new AI-backed tools?

• $7,700

• $5,000

• $10,000

• $12,500

What is the upgraded sales forecast for Salesforce for the full fiscal year?

• $34.8 billion

• $32 billion

• $30 billion

• $36 billion

Which consulting firm conducted a strategic review of Salesforce?

• Deloitte

• Bain Consulting

• Boston Consulting Group

• McKinsey & Company