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Salesforce plummets as weak forecast sparks concerns of AI competition | Business | The Guardian: A cloud-based software firm is facing a potential $48 billion loss in market value due to concerns about its performance. Salesforce saw an 18% drop in its shares after a disappointing revenue growth forecast and worries that competition from rival artificial intelligence (AI) offerings and high interest rates are impacting customer demand. Additionally, the company's quarterly revenue fell below expectations for the first time in 15 years.

Salesforce plummets as weak forecast sparks concerns of AI competition Has HubSpot finally made the impact it set out to? Is Salesforce's size and growth by acquisition strategy now a rod for its back? If Google buys HubSpot does that push or raise purchases of Microsoft Dynamics? This market is primed for evolution or will it bring revolution? Here for tech companies looking for HubSpot solutions

This week Salesforce shares plummeted 21% after missing earnings for the first time since 2006. CFOs are scrutinizing every license, demanding discounts. A correction in enterprise software growth is imminent, and it’s going to hurt. The winners of the next economic cycle will deliver value with lower implementation costs, success-based pricing, and generally lower unit prices. Ignoring these changes is not an option. Vertical SaaS with specialized solutions can weather this storm better. Salesforce’s industry strategy could be its savior. Tailored, efficient, and less risky implementations are what customers need now. The broad AI narrative? Too generic. Industry-specific AI is where the real value lies. Did AI suck all the energy out of the room and take Salesforce off course from a winning strategy: industry solutions? #SaaS #Salesforce #AI #VerticalSaaS

📰 News: 📰 🚀 --The AI Investment Opportunity You Can't Afford to Miss!-- 🚀 Artificial intelligence -AI- is the hot ticket in tech right now, with giants like the "Magnificent Seven" leading the charge. But did you know there are hidden gems beyond these big players, waiting for investors like you? One such standout is Salesforce.com, which despite a 12% dip in shares year to date, offers a golden investment opportunity. 📊 --Intriguing Metrics to Consider:-- - --$50 billion:-- Salesforce's acquisition spree since 2018, snagging MuleSoft, Tableau, and Slack. - --$35.7 billion:-- Revenue generated in the last 12 months, making those acquisitions even more remarkable. - --11%:-- Salesforce's recent fiscal quarter revenue growth, showing potential for impressive returns. - --40%:-- Annual growth in free cash flow over recent years, a testament to solid operating efficiencies. - --25%:-- Year-over-year growth in the integration and analytics business, including Tableau and MuleSoft, the top performers in their segment. A deeper dive into Salesforce’s earnings reveals a company on the brink of substantial growth, especially with its strong potential in AI. 📈 --Join the Conversation!-- Think Salesforce could be your next big investment? Follow AnniQ on social media for more insights and tips on spotting the next big AI opportunity. Don’t miss out on your chance to stay ahead in the game! 🚀💼 #Hospitality #Ecommerce #Retail #Commerce #Manufacturing #Logistics #Strategy #Innovation #Business #ArtificialIntelligence #CEO #Founder #AnniQ https://lnkd.in/eYZr2dYT

Now that we're halfway through 2024, it's time to examine some of 2024's top Salesforce ecosystem trends; the good, the bad, and the ugly. Ben leaves no stone unturned in this video, covering everything from the downfall of AI and tumultuous stocks. https://bit.ly/4cFVbog #Salesforce

Managing data in Salesforce is hard. Super hard. But taking on big challenges has always been part of our DNA at Complete. Since being founded under the now Salesforce-acquired Traction on Demand, we’ve been about solving real headaches for real people. Listening to revenue leaders' data challenges and turning them into our to-do list 📑 So today, as we share with you a new Traction Complete, we’re doubling down on our mission to help automate the revenue tasks that slow you down and to set your business in motion at a time when data quality is critical. But why is data management so important right now? #AI is here, whether we like it or not. But for many, your data is going to cause the biggest challenge in adoption. Garbage in, garbage out as they say. This is why we are so passionate about sharing with you today The RevOps Data Management Suite for Salesforce. As we say goodbye to the nine T’s, we want to say thank you to everyone who has helped us get to where we are today. ToD alumni, Salesforce, Salesforce partners, Pender Ventures, Thomvest , customers, the list goes on… we are lucky to stand among giants. And we are here to help you set your #datainmotion 👉 https://lnkd.in/e44biVJm Aim high, and together we’ll help you start trusting your Salesforce data again.

The secret is out!! Big milestone for us over at Traction Complete! Today, we are extremely excited to announce and to say hello to the first-of-it's-kind RevOps Data Management Suite for Salesforce! We speak to several Ops folks every single day on challenges they encounter around managing data complexities in Salesforce from object matching and routing to managing account hierarchies and duplicates. Here's the thing. As Ops people, we tend to use a ton of different vendors and can be hard to manage, so what better way than to have one-sole vendor help GTM teams in their efforts to clean, connect and orchestrate Salesforce data! No one knows Salesforce like we do, and as we embark on this new chapter, we also want to acknowledge who and what got us here in the first place. Thanks ToD Alum, Salesforce, Salesforce Partners and so many more! #datainmotion

Salesforce snatches up Zoomin, a tool for organizing company knowledge. Read More -  https://lnkd.in/dQHnx-X6 Salesforce expects this deal to be finalized in Q4 of its fiscal year 2025 (January 31), subject to customary closing conditions. Image Credit - Ron Miller MAVIP Group | Pratyush Shastri | Ishita Das | Anshul Gupta | Vikram D. | Ranjana Arora | Antima Sharda | Manikandan Sivanandam | Abdallah Jallouf | Manoj Bagdare | Vikas Mehra | Aryan Pitliya #salesforce #zoomin #techindustry #techbusiness #investment #industrynews #ai #bigdata #news

The Salesforce Dreamforce event in San Francisco kicks off this week and is a perfect time to showcase IBM's State of Salesforce 2024-2025 report. This paper was developed by IBM and provides a point of view on the broader Salesforce ecosystem. The results from more than 1,100 Salesforce customers who were surveyed noted a shift in focus from the ROI of an individual technology to how technology comes together to reinvent the business in the age of AI. It revealed three key priorities that differentiate leading companies: ⑴ Be Diligent with Data-Driven Decisions. Data leaders are cultivating “data diligence” - the fusion of data, access, governance, and connectivity - to make data-driven decisions that enhance customer and employee experiences. While 97% of Salesforce customers collect diverse types of data, only 23% leverage it to transform user experiences. ⑵ Be Innovative with AI-driven differentiation. Many Salesforce customers (69%) are using the embedded AI capabilities to gain value, for example, in predictive analytics, and 71% of organizations are enhancing Salesforce AI with additional AI capabilities to extend the platform’s native functionality. ⑶ Be Confident with Strong Ecosystem Partnerships. Only 16% of companies say they are confident in their AI capabilities; 45% want to use AI workflows but admit to uncertainty about where to start. Strategic partnerships can help organizations accelerate data and innovation capabilities in areas like design thinking, data quality/accuracy, benchmarking, and process reimagination. What is clear from reading this report is that advances in AI and everything around it are fundamentally changing how insurers approach a holistic view of technology and its impact on their business. They can gain a competitive advantage and improve speed to market, enhance customer experiences, and drive faster ROI. The key is leveraging data, AI, and ecosystem partnerships to the fullest, and the action guides listed in the State of Salesforce report can help you get there. Read the Report: https://lnkd.in/eU_8RUjZ Jack Davidson Lewis J. Megan Piccininni Mary Fratto Rowe Matt Francis Jon Caswell Matthew Moses Corey Mathews #ibm #salesforce #stateofsalesforce #dreamforce2024

As the market continues to shift, AI remains a force of growth ⬇ As many of you will see/hear, US data released on Friday has caused a stir in the markets... With employment gains sitting at 114,000 (short of the 175,000 predicted) and unemployment rates hitting the highest number since October 2021 (4.3% versus the 4.1% expected), this led to global mass sell-offs in the market. As a result, Salesforce is down over 3.5% today (Netdania). It's likely that interest rates will be cut in September - the reality is that the market has been pretty poor for almost 2 years. However, Salesforce isn't shrinking, and the prominence of AI in the Salesforce ecosystem should promote continued growth in the market. The data and forecasts surrounding AI remain positive, with funding in AI start-ups growing over 30% from last quarter. Between April & June, AI start-ups secured $27bn in funding, over half of all funding in that period (Economic Times). Combining this with the interest and investment into both Data Cloud & Einstein Co-Pilot by Salesforce customers, there will continue to be real interest in Trailblazers with AI competency. It certainly wouldn't be a surprise to see borrowing and spend increase off the back of a 'market reset' rate cut! Cloud4Solutions #salesforce #salesforcenews #salesforcejobs #salesforceecosystem #salesforceohana #ai