In this articleCRM your favorite stocksCREATE FREE ACCOUNTwatch now3:2403:24We're seeing an incredible transformation in enterprise, says Salesforce CEO Marc BenioffMad Money with Jim CramerIn a Wednesday interview with CNBC's Jim Cramer, Salesforce CEO Marc Benioff def the guidance his company issued — even as the the figures disappointed Wall Street."Our results are absolutely fantastic and our guidance is also, you know, is always appriately conservative," Benioff said.The enterprise software company posted its quarterly results Wednesday after close.
Although the company d disappointing guidance, it managed to beat estimates for earnings and revenue.
The stock dipped more than 5% in ext trading.Salesforce has lagged behind its peers this year as investors worry the company's revenue growth, which has stalled in the single digits since the middle of last year, CNBC reported.
The stock is down over 23% year-to-date.Benioff said Salesforce's customers are pleased with its artificial intelligence agent duct, which he said is not just "repackaged ChatGPT," but nology that is "giving them the ability to fundamentally transform their ." Salesforce has also reshaped its own with AI agents, according to Benioff.
He said the company has "reduced the number of heads we have in service and support because we have supplemented that with agents."Benioff said Salesforce has seen success with its biggest customer, the U.S.
government. He said the outfit does with the Department of Defense and managed to beat out Palantir in a deal with the the army.
"We had a tremendous success against Palantir, because, by the way, our prices are just so much lower," Benioff said.
"We're offering a very competitive duct as a much lower cost," he continued.watch now14:0614:06Salesforce CEO Marc Benioff goes one-on-one with Jim CramerMad Money with Jim CramerJim Cramer's Guide to Click here to download Jim Cramer's Guide to at no cost to help you build long-term wealth and invest smarter.
now for the CNBC to Jim Cramer's every move in the market.Disclaimer The CNBC Charitable Trust owns s of Salesforce.Questions for Cramer?
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