In an interview with Jim Cramer from CNBC on Wednesday, Salesforce CEO Mark Benioff defended guidance issued by his company – even if numbers disappoint Wall Street.
“Our results are absolutely fantastic and our guidance is also to be appropriately conservative at all times,” Benioff said.
The Enterprise Software Company posted its quarterly results on Wednesday after its closure. The company shared disappointing guidance, but managed to beat revenue and revenue estimates. The stock has soaked over 5% in extended trading.
According to CNBC, investors are lagging behind their colleagues this year as investors worry about the company’s revenue growth and are worried about the company’s revenue growth. Inventory has been down more than 23% since the start of the year.
Benioff said Salesforce customers are happy with their AI agent products. He said this is not just a “repackaging ChatGpt,” but a technology that “gives the ability to fundamentally transform your business.”
According to Benioff, Salesforce has also rebuilt its own business with AI agents. He said the company “replenished its agents and reduced the number of heads we are serving and supporting.”
Benioff said Salesforce has been successful in its biggest customer, the US government. He said the costumes were doing business with the Department of Defense and somehow managed to win. Palantir In a deal with the Army.
“By the way, we have had great success with Palantir because our prices are much lower,” Benioff said. “We offer a very competitive product at a much lower cost,” he continued.
Sign up now and follow CNBC Investing Club’s every move into Jim Cramer’s market.
Disclaimer CNBC Investing Club Charitable Trust owns shares in Salesforce.
A question for Cramer?
CALL CRAMER: 1-800-743-CNBC
Want to dive deeper into Cramer’s world? Hit him!
Mad Money Twitter -Jim Cramer Twitter -Facebook -Instagram
Questions, comments, suggestions on the “Mad Money” website? madcap@cnbc.com
