Salesforce Stock Climbs After Company Lifts Full-Year Sales, Profit Outlook | Global News Avenue

salesperson (customer relationship management) improved its full-year outlook and reported third-quarter results that beat Wall Street expectations, sending shares higher in after-hours trading Tuesday.

The cloud software company’s revenue rose 8% year over year to $9.44 billion, beating analyst consensus compiled by Visible Alpha. Earnings per share (EPS) It was $1.58, up from $1.25 a year ago and above analysts’ expectations.

Salesforce raised the lower end of its fiscal 2025 revenue guidance to $37.8 billion to $38 billion from the previous range of $37 billion to $38 billion. Its earnings per share forecast was raised to $6.15 to $6.20 from $6.05 to $6.13. Wall Street expected full-year revenue of $37.87 billion and diluted earnings per share of $6.16, according to Visible Alpha.

Agentforce shares soar since debut

Since its Dreamforce event in September and the launch of its Agentforce autonomous artificial intelligence agent suite, Salesforce’s stock price has risen about 30%, and its earnings report exceeded expectations.

“Agentforce is our complete enterprise artificial intelligence system built into the Salesforce platform and is at the core of breakthrough transformation,” CEO Marc Benioff said in a statement. “The rise of autonomous AI agents is revolutionizing the global workforce, reshaping how industries operate and scale.”

Salesforce shares rose 8% in recent after-hours trading. As of Tuesday’s close, shares were up about 27% in 2024.