Salesforce's 'Rents Due' Moment? We're Buying it Dolls!

Like...What Even IS Salesforce?

Okay dolls lemme break it down for you. Salesforce is like this super important company that helps other companies keep track of all their customers. Think of it as the ultimate planner but for businesses. And it just had its quarterly earnings report. Basically they told us how much money they made. And while the numbers looked good the stock market was kinda 'meh' about it. It's like when you post a fire selfie and only get like 20 likes. Tragic.

The Numbers Don't Lie (But Sometimes They Shade)

So Salesforce made $9.83 billion – which is like a LOT of lip kits. They beat expectations which is good! But then everyone realized a big part of that boost was because the dollar is like totally losing to other currencies. It's like when you contour really well but it's just because the lighting is perfect. Is it real? Is it Memorex? Who knows?! CFO Robin Washington was all 'We now expect a $250 million tailwind to revenue from foreign exchange this fiscal year'. So they raised their outlook on revenue which is why we're buying it.

Agentforce: The New BFF (Best Financial Friend)

Remember Agentforce? The AI thing everyone was talking about last year? Well it's still a thing. Apparently it helps businesses build these AI agents that can do stuff without humans. Which sounds kinda scary but also super efficient. According to Salesforce CEO Marc Benioff Agentforce is now an 'over $100 million ARR product.' Plus Data Cloud and Agentforce combined are making over $1 billion. That is a lot of zero's. So basically AI is still the hot topic and Salesforce is trying to stay relevant. Good for them!

Informatica: The Newest Addition to the Empire

Salesforce just bought this company called Informatica for $8 billion. Which is like more than my entire makeup collection (and that's saying something!). Informatica helps companies manage their data which is super important for AI. Benioff was saying how 'This is a great price for a great company'. I mean if he says so right? But hey if it helps Salesforce stay on top I'm here for it. More money more problems more glam!

The Future Is Still Bright (Even If My Highlight Is Brighter)

Okay so the market is being a little shady but Salesforce is still projecting good numbers for the next quarter and the whole year. They're expecting revenue to be between $10.11 billion and $10.16 billion and earnings per share to be $2.76 to $2.78. So even though some people are being 'haters' the numbers don't lie. We're here for the long haul baby!

Rents Due Dolls

Basically even though the stock market is being a little 'difficult,' Salesforce is still a good investment. They're making progress with AI their numbers are looking good and they're buying up companies to stay competitive. So yeah we're sticking with Salesforce. 'Cause you know we like money. And who knows maybe one day I'll have my own AI assistant to do all my contouring for me. A girl can dream!