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Benzinga
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Salesforce Delivers Uninspiring Quarter But Signals AI Driven Upside Ahead, Says Analyst

1. Salesforce reported better-than-expected Q2 results but issued weak guidance. 2. Revenue reached $10.2 billion, surpassing estimates; EPS was $2.91. 3. Current remaining performance obligations (cRPO) grew 11%. 4. Annual recurring revenue from Data Cloud hit $1.2 billion. 5. Analysts maintain Buy ratings, citing growth in Data Cloud and Agentforce.

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FAQ

Why Bearish?

Despite strong Q2 results, weak guidance has raised concerns, reminiscent of similar past cases.

How important is it?

The guidance and performance metrics are crucial for investor sentiment and stock price.

Why Short Term?

Immediate investor sentiment may react negatively to guidance, affecting short-term stock performance.

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