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 concerns are analysts expressing about Salesforce's growth?

What strategic action did Salesforce take in July regarding its pricing?

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

What was the adjusted EPS reported by Salesforce, and how does it compare to analyst estimates?

What is the forecasted sales figure for Salesforce for the full fiscal year?