Salesforce Eases AI Fears With Strong Outlook and Big Buybacks

Bloomberg
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Salesforce Eases AI Fears With Strong Outlook and Big Buybacks
Bloomberg
Written by Bloomberg
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Salesforce Inc. gave a strong outlook for long-term sales and announced a large share buyback, helping assuage some of Wall Street's fears about AI disruption of the software industry.  "We're well on our way" to $63 billion in annual revenue in fiscal year 2030, Chief Executive Officer Marc Benioff said Wednesday in a statement. Wall Street was expecting $60.3 billion. The company also announced a new $50 billion stock buyback program and increased its quarterly dividend to 44 cents per share. Bloomberg's Anurag Rana joins to discuss.

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