Salesforce Q3 Results Exceed Expectations, Stock Soars

Company Focuses on AI Development and Cost-Cutting Measures

Salesforce's Q3 results exceeded Wall Street expectations, with a revenue of $8.72 billion and an adjusted profit of $2.11 per share.
The company's stock jumped by about 10%, adding approximately $16 billion to Salesforce's market capitalization.
Salesforce's Data Cloud business added a thousand new customers over the quarter, with its revenue up 22% from the previous year.
The company has reduced its workforce by 10% as part of a restructuring plan to lower expenses and bolster profits.
Salesforce is focusing on AI development and has been recruiting AI engineers aggressively.