Salesforce CRM is set to undertake significant strides in data protection and security, acquiring the startup
Own for a hefty $1.9 billion, in its bid to bolster its data security portfolio. The acquisition, described as a 'bargain hunt', follows robust quarterly earnings reflective of the organization's overall strength amid a volatile tech-market environment.
Salesforce is also expanding in the AI voice agent sector with its acquisition of
Tenyx, and CEO
Marc Benioff has stated they are undertaking a 'hard pivot' towards autonomous AI agents, suggestive of a more aggressive approach to AI-driven customer relationship management.
In Q2, the stock traded lower, but experts believe the company is undervalued, with potential for growth.
The company continues to invest in product development, offering
free upgrades to their enterprise sales and service cloud customers. It also plans to boost voice capabilities with the Tenyx takeover.
However, in light of these acquisitions and investments, concerns over slowdown in sales persist. Yet, with Salesforce's aggressive acquisition and growth strategy, observers state it’s time to buy Salesforce stock after healthy Q2 results.
Salesforce CRM News Analytics from Tue, 23 Apr 2024 07:00:00 GMT to Sun, 08 Sep 2024 10:42:17 GMT -
Rating 6
- Innovation 8
- Information 7
- Rumor -4
