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Salesforce hits record high with AI boom fuelling strong growth

Bloomberg
Bloomberg • 3 min read
Salesforce hits record high with AI boom fuelling strong growth
Salesforce pivoted its AI strategy this year to focus on tools called agents, which are designed to complete tasks such as customer support or sales development without human supervision. Photo: Bloomberg
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Salesforce shares hit a record high on Wednesday after the company reported better-than-expected quarterly revenue, boosting hopes for the company’s much-hyped artificial intelligence strategy.

Sales increased 8.3% to US$9.44 billion ($12.69 billion) in the period ended Oct 31, the company said Tuesday in a statement.

Analysts, on average, estimated US$9.35 billion, according to data compiled by Bloomberg.

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