Pins matching tag:"Marc Benioff"

Salesforce signed a deal to buy the data-management company Informatica for $25 a share in cash, about $8 billion in equity value, to feed trusted enterprise data to its Agentforce AI agents.

Salesforce opened fiscal 2026 with $9.8 billion of first-quarter revenue, up 8%, and raised the top of its full-year forecast by $400 million, a day after agreeing to buy Informatica.

Salesforce named technology executive Amy Chang and former NVIDIA chief scientist David Kirk to its board, effective immediately, to add technical depth for what it calls the agentic AI era.

On a podcast Marc Benioff said Salesforce had cut its support staff from about 9,000 to 5,000 because AI agents now handle half of customer conversations.

Salesforce told California it would permanently cut 262 jobs at Salesforce Tower, days after Marc Benioff said AI had let him shrink customer support from 9,000 people to about 5,000.

Salesforce's fiscal second-quarter revenue rose 10% to $10.2 billion and it added $20 billion to its buyback, but a soft third-quarter outlook sent the stock down 4% after hours.

Days before Dreamforce, Marc Benioff told The New York Times he backed President Trump sending the National Guard to San Francisco: "We don't have enough cops, so if they can be cops, I'm all for it."

Agentforce 360 joined Salesforce's agent platform, Data 360, its Customer 360 apps and Slack into one system for people and AI agents, launched with 12,000 customers and Agentforce Voice.

Salesforce's 23rd Dreamforce filled the Moscone Center for three days of more than 1,500 sessions, built around the newly released Agentforce 360 and Marc Benioff's pitch for the 'Agentic Enterprise'.

At its Investor Day during Dreamforce, Salesforce set a target of more than $60 billion of revenue by fiscal 2030, excluding Informatica, implying 10%-plus organic growth a year, and its shares rose after hours.

Novelists Molly Tanzer and Jennifer Gilmore filed a proposed class action saying Salesforce trained its xGen language models on the Books3 trove of pirated books.

Veteran investor Ron Conway resigned from the Salesforce Foundation's board after a decade, telling Marc Benioff by email that he "barely recognize[d]" him after his National Guard comments.

After Dreamforce closed, Marc Benioff posted that he no longer believed the National Guard was needed in San Francisco and apologized for the concern his remarks caused.

President Trump dropped a planned Saturday surge of federal agents into San Francisco after a late-night call in which Mayor Daniel Lurie told him the city was on the rise; Homeland Security Secretary Kristi Noem reaffirmed it the next morning.

Salesforce closed its purchase of Informatica, funding the $25-a-share cash deal partly with $6 billion of bank borrowings and folding Informatica's data management into Data 360, MuleSoft and Agentforce 360.

Salesforce's third fiscal quarter brought $10.3 billion of revenue, up 9%, a backlog of $59.5 billion and Agentforce ARR above $500 million, and it lifted its full-year outlook after closing Informatica.

Salesforce closed fiscal 2026 with $41.5 billion of revenue, up 10%, authorised a new $50 billion buyback, lifted its dividend 5.8% to $0.44 and raised its FY2030 target to $63 billion.

Salesforce prepaid $25 billion to five banks and took delivery of about 103 million of its own shares, roughly 80% of the total, in what it called the largest accelerated share repurchase in history.

Salesforce's fiscal 2027 opened with $11.1 billion of revenue, up 13%, non-GAAP EPS up 50% to $3.88 as its $25 billion buyback cut the share count, and Agentforce ARR above $1 billion.

Salesforce promoted revenue chief Miguel Milano to chief operating officer, while president and chief engineering officer Srini Tallapragada stepped down after 14 years to advise Marc Benioff for a year.

Salesforce's fiscal second quarter brought $11.3 billion of revenue, up 11%, GAAP EPS of $4.29 lifted by a $2.6 billion gain on its Anthropic stake, a higher full-year outlook and the stock's second-best day ever.

Salesforce and Anthropic launched Claudeforce, starting with Salesforce in Claude, a plugin with 37 prebuilt sales skills, and made Claude the default model for Slack and Slackbot.

Salesforce's Dreamforce 2026 filled Moscone North, South and West for three days, where Marc Benioff unveiled AIforce, bringing Salesforce data and workflows into Claude, Slack and other tools, with Anthropic's Dario Amodei and Nvidia's Jensen Huang on stage.

At its Investor Day during Dreamforce 2026, Salesforce held to more than $63 billion of revenue by fiscal 2030, above analysts' $59.2 billion, and said it had returned 190% of this year's free cash flow through its record buyback.

Salesforce Japan's second World Tour Tokyo of 2026 runs two days at The Prince Park Tower Tokyo, opening with a keynote by Marc Benioff and Mitsubishi Electric's CEO.