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Salesforce posts strong results and bullish guidance as it looks forward to buying Informatica
- Salesforce delivered a solid earnings and revenue beat following the announcement of acquiring Informatica for $8 billion.
- The company reported a profit of $2.58 per share, surpassing analyst estimates, with revenue reaching $9.83 billion.
- Investors reacted minimally to the news, with the stock rising only slightly in after-hours trading.
- The acquisition of Informatica indicates Salesforce's return to active acquisitions, following their previous significant cost reductions.
- Informatica, known for its ETL platforms, will enhance Salesforce's data integration and governance capabilities.
- Salesforce sees potential in leveraging Informatica's expertise for AI agents that require extensive data.
- Analysts express optimism about the acquisition, highlighting Informatica's margin improvements and potential value to Salesforce.
- However, concerns are raised about Salesforce's historical challenges in fully integrating acquired companies with its platforms.
- Salesforce introduced AgentExchange marketplace and Agentforce agents, focusing on AI innovation and operational efficiency.
- Salesforce raised its guidance for the quarter and full year, expecting earnings between $2.76 and $2.78 per share and revenue of $10.11 to $10.16 billion for the quarter.
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