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Stock impact report

Salesforce (CRM) Wins $5.6 Billion Army Deal, Citizens Stays Positive [Yahoo! Finance]

Salesforce.com Inc (CRM) 
Last salesforce.com inc earnings: 2/25 04:06 pm Check Earnings Report
Company Research Source: Yahoo! Finance
rating on Salesforce, Inc. (NYSE:CRM) with a price target of $405. The firm noted that the company's Agentforce business surpassed $500 million in annual recurring revenue during the company's fiscal third quarter, marking an increase of 330% year-over-year. Citizens pointed out that existing customers are coming back to “refill the tank,” suggesting expanding consumption of Agentforce. The research firm also said its checks with partners confirm solid demand and a strong pipeline for Salesforce, Inc. (NYSE:CRM). Agentforce is being used in enterprise settings including Olive, the AI Sous Chef for Williams Sonoma, and Pepsi, where “massive efficiencies” were reported with gains of 25% to 30% after implementation of the service. Pixabay/Public Domain In other news, on January 26, Salesforce, Inc. (NYSE:CRM) reported that it had been awarded a $5.6 billion contract by the US Army. The deal is a 10-year Indefinite Delivery Indefinite Quantity (IDIQ) contract that will allow the Arm Show less Read more
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