Salesforce promoted Miguel Milano, former Oracle executive and current revenue head, to operating chief under CEO Marc Benioff. This move expands Salesforce's leadership as the company faces a 27% stock decline this year due to AI-related concerns impacting cloud software vendors. Robin Washington remains chief operating and financial officer, while longtime executive Srini Tallapragada is leaving. Salesforce is focusing on its AI-driven Agentforce services, which have surpassed $1 billion in annualized revenue, signaling a strategic push despite market pressures.
Salesforce is seeing triple-digit growth in its AI products like Agentforce and Data 360, yet its stock price remains near a 52-week low, suggesting the market undervalues its AI momentum. The company reported strong Q2 fiscal 2027 revenue of $11.345...
Adobe shares jumped 5% and Salesforce rose 3% despite a broader tech selloff, driven by renewed investor confidence in their AI strategies. Adobe's partnership with NVIDIA to speed up AI features in Photoshop and Premiere reassures investors that AI ...
Palantir Technologies surged 4% to $199.41, leading a broader software stock rally driven by interest in AI platforms. ServiceNow also rose 3%, while Salesforce remained flat. Palantir's recent partnership with Knox Systems aims to bring its commerci...
Salesforce announced a definitive agreement to acquire Braze, Inc. at $47.50 per share in cash, valuing Braze at approximately $5.66 billion. The acquisition is expected to close in Salesforce's fiscal year 2028, subject to shareholder approval and r...
Salesforce announced a $5.66 billion acquisition of Braze, a customer-engagement software firm, paying $47.50 per share, a 58% premium. Braze's technology enhances personalized customer communication using AI, strengthening Salesforce's marketing too...
