Posted 2/28/2024, 9:16:00 PM
Salesforce Tops Q4 Expectations, Announces Buybacks and Dividend Despite Softer 2025 Outlook
- Salesforce reported better-than-expected revenue and earnings for its fiscal 4th quarter
- The company announced a new dividend, a $10B stock buyback program, and updates on its Einstein AI platform
- CEO Marc Benioff touted Salesforce as the #1 AI enterprise company during an "AI revolution"
- Guidance for fiscal 2025 revenue came in slightly below analyst forecasts, causing the stock to slip
- Over the past year, Salesforce shares have significantly outperformed the broader market