Salesforce’s $9 Billion Bet on AI Innovation

What we’ll cover today:

💰 Big Money Loves Salesforce’s Growth

🤔 Why Are SaaS Companies Adding Services?

💡 SaaS founders: Want to Get Funded?

🔗 The Event Roundup.

Big Money Loves Salesforce’s Growth.

Salesforce (CRM) is making waves with record-breaking performance and game-changing AI tools. Here's why:

Financial Highlights

• Revenue: $9 billion in Q2, an 8.4% year-over-year increase.

• Operational Income: $3.1 billion, up 15.5% from last year.

• EPS: Surged 20.8% to $2.56.

• Dividend: Introduced a 0.5% yield this year.

AI Innovations Driving Growth

• They introduced autonomous AI agents, transforming business operations.

• We are leveraging predictive analytics to deliver enterprise-level solutions.

Investor Buzz

• Institutional investors are driving unusual volume inflows.

• 3-year growth rates:

  • Sales Growth: +18.1%.

  • Earnings Growth: +590.9%.

• MAPsignals consistently flag it as a "top pick."

With shares up 19% in 2024 and Big Money piling in, Salesforce is a must-watch stock.

Here's More From The Article

1. Why Are SaaS Companies Adding Services?

This is a tweet from Hassan Aanbar.

Hassan Aanbar is Bright Leads Media's founder and B2B lead gen.

In his recent tweet, he discussed how SaaS companies like Instantly adapt to AI disruption by adding service arms to their products and leveraging platform data and customer relationships for a competitive edge. 

This dual model strengthens their position, potentially outpacing traditional agencies.

Here's The Whole Tweet

2. SaaS founders: Want to Get Funded?

This is a thread from Jean Michel.

Jean is a CMO who has been in tech for 20+ years. He helps SaaS founders and entrepreneurs unlock product growth.

In his recent tweet, he shared how SaaS founders can pitch correctly to the founders and get funding from the investors.

Here’s The Thread.

1. Salesforce Loses AI Chief Amid Major Push for Autonomous Agents

Salesforce Inc’s CRM AI head, Clara Shih, has departed to pursue another opportunity; the Information cited a report from JMP Securities analyst Patrick Walravens.

The departure coincides with Salesforce’s Agentforce gaining traction, and Northland Capital Partners is comparing it with Microsoft Corp, MSFT. 

Jim Cramer, host of CNBC’s “Mad Money,” held the platform responsible for the company’s current upside.

2. Meta penalised €797.72M for abusing market power with Facebook Marketplace.

European regulators fined Meta €797.72 million (841 million USD) for violating EU antitrust rules. 

The penalty stems from Meta's integration of Facebook Marketplace into its central platform, which the EU Commission argues gave the service an unfair competitive advantage in the online classified ads market.

3. Veteran SaaS Marketing Executive to Drive Revenue Growth and Scale Operations for Chief Outsiders Clients.

Grant Johnson, a results-driven 6X CMO with a proven record of growing revenue 10X, is tapped to make big things happen for clients as a Chief Outsiders fractional CMO.