Salesforce Gives Tepid Outlook While Touting Ai Progress
Salesforce Inc. gave a fiscal-year revenue forecast that fell short of estimates, dimming optimism that the company’s new artificial intelligence product would spur faster sales growth. Despite this, the company touted strong performance from its AI product, citing 3,000 paying customers and significant revenue growth in its Data Cloud segment. The company's adjusted operating margin is expected to remain strong at around 34%.
- Salesforce's cautious outlook may signal a slowing down of the software industry's rapid expansion, which could have implications for companies that rely on fast growth to drive innovation.
- How will the increased focus on artificial intelligence and automation impact the job market in the tech sector, particularly among low-skilled workers who may be displaced by AI-powered systems?