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Salesforce India records 36% increase in revenue to Rs 9116.3 crore

Salesforce India records 36% increase in revenue to Rs 9116.3 crore

Fri, Nov 08, 2024

Salesforce India has reported over 36 per cent growth in its total revenue to Rs 9116.3 crore for the year ended March 31 compared to the previous year, according to regulatory filings.

Global Market: Once again US market at record level, NASDAQ and S&P 500 at new life high.

Global Market: Once again US market at record level, NASDAQ and S&P 500 at new life high.

Wed, Jul 10, 2024

Once again the American market at record level. NASDAQ and S&P 500 at new life highs. Made new records with gains for the sixth consecutive day. In no hurry to cut interest rates – Jerome Powell. Cautious about inflation, not ready to relax – Jerome Powell. Inflation figures in US tomorrow.

Salesforce launches public sector division in India; unveils Made-for-India digital lending solution

Salesforce launches public sector division in India; unveils Made-for-India digital lending solution

Wed, Jun 19, 2024

Salesforce on Wednesday announced the launch of its public sector division in India to tap into the booming market and unveiled its digital lending offering tailored to Indian needs, as the enterprise software giant underlined its firm commitment to the market here.

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Mixed Signals from US Markets: Dow Slips 90 Pts, S&P 500 Falls Slightly

Mixed Signals from US Markets: Dow Slips 90 Pts, S&P 500 Falls Slightly

Mon, Jun 10, 2024

Mixed signals from American markets, sluggish movement of American markets on Friday. Dow Jones slipped 90 points amid trading in the range of 350 points. S&P 500 fell slightly after setting a new record for the third day. Nasdaq weakened 0.25%. Pressure on smallcap shares again, Russell 2000 fell 1.1%. 2.7 lakh new jobs were added in May, the estimate was 1.9 lakh jobs. Unemployment increased from 3.9% to 4%. 10 year bond yield jumped beyond 4.45%. Chances of rate cut in September reduced from 70% to 50%. Now experts are expecting only 1 rate cut this year. Heavy fall in all commodities on Friday.

Stable signals from global markets: interest rates cut in Europe for the first time after 5 years

Stable signals from global markets: interest rates cut in Europe for the first time after 5 years

Fri, Jun 07, 2024

Stable signals from global markets, mixed business in US. Dow Jones closed up 80 points with gains on the third day. Nasdaq, S&P 500 set new records for the second consecutive day in intraday. Slight fall due to profit booking after new record. Russell 2000 slipped 0.7%. Profit booking in NVIDIA shares from record high. 10 year bond yield flat near 4.3%. Let's look at the job figures for MAY today. Estimated to add 1.9 lakh new jobs. Unemployment is expected to reach 3.9%. Interest rates cut in Europe for the first time after 5 years. ECB reduced rates by 0.25%. Further situation depends on the data. No guarantee of another interest rate cut in July. Gold near $2400, $20 stronger in last session. Biggest intraday gain in silver in 1 year. Crude oil rises for the second consecutive day, Brent crude crosses $80. Base metals registered an increase of up to 2%.

Mixed Global Market Signals: Another Weak Day for US Markets, Dow Jones Falls 330 Points

Mixed Global Market Signals: Another Weak Day for US Markets, Dow Jones Falls 330 Points

Fri, May 31, 2024

Mixed signals from global markets. Another weak day for US markets. Dow slipped 330 points, slipped to 38000 level intraday. Salesforce fell 20%, a major contributor to the Dow's decline. For the first time in 18 years, the company presented results below guidance. 22 out of 30 Dow Jones stocks closed positive. Nasdaq slipped 1% due to selling in IT shares. Buying in small caps, Russell 2000 up 1%. Q1 US GDP at 1.3%, estimate was 1.6%. 10 year bond yield slipped to 4.55%.

Salesforce abandons pursuit of Informatica, source says

Salesforce abandons pursuit of Informatica, source says

Mon, Apr 22, 2024

Salesforce and Informatica did not immediately respond to requests for comment from Reuters.

Salesforce is in advanced talks to buy Informatica, WSJ reports

Salesforce is in advanced talks to buy Informatica, WSJ reports

Sat, Apr 13, 2024

Salesforce is in advanced talks to acquire data-management software provider Informatica, the Wall Street Journal reported, citing people familiar with the matter.

Salesforce logs 35% YoY growth in new business in India

Salesforce logs 35% YoY growth in new business in India

Thu, Mar 07, 2024

Globally, the company registered revenue of $34.9 billion for fiscal 2024, an increase of 11 per cent year-on-year.

Salesforce joins big tech layoffs, to cut 700 jobs: Report

Salesforce joins big tech layoffs, to cut 700 jobs: Report

Fri, Jan 26, 2024

The layoffs comprise around 1 per cent of the roughly 70,000-person company that makes cloud-based customer relationship management software.

Salesforce to acquire AI customer service startup Airkit.ai

Salesforce to acquire AI customer service startup Airkit.ai

Sat, Sep 23, 2023

Enterprise software major Salesforce has signed a definitive agreement to acquire Airkit.ai, a creator of artificial intelligence (AI)-powered customer service applications and experiences -- to expand AI capabilities.

Haven't reached the point where AI can be allowed to run amok: Salesforce India CEO Arundhati Bhattacharya

Haven't reached the point where AI can be allowed to run amok: Salesforce India CEO Arundhati Bhattacharya

Fri, Aug 25, 2023

Bhattacharya, who joined the US's cloud-based service provider as its India chief executive officer in 2020, said that there's a lot of research going on to ensure that Generative AI can be used for better and more involved use cases.

Sacking 7,000 employees in 2-hour call was bad idea: Salesforce CEO

Sacking 7,000 employees in 2-hour call was bad idea: Salesforce CEO

Wed, Feb 15, 2023

Around 4,000 people just disappeared from Salesforce's Slack channel within two days.

Salesforce to cut 10% of workforce after hiring 'too many people'

Salesforce to cut 10% of workforce after hiring 'too many people'

Thu, Jan 05, 2023

Salesforce layoffs: The company had nearly 80,000 employees at the end of the third quarter, up from about 70,000 a year earlier.

Infosys commits to provide Salesforce technology jobs for 500 people

Infosys commits to provide Salesforce technology jobs for 500 people

Wed, Nov 17, 2021

IT services major Infosys on Wednesday announced a new programme, wherein it will offer 500 job seekers the opportunity to complete a fully digital, online diploma course certified by Salesforce

Salesforce CEO shocks, says, Facebook is like ‘cigarettes’

Salesforce CEO shocks, says, Facebook is like ‘cigarettes’

Thu, Nov 15, 2018

Although there are so many apps like Twitter, Instagram, Snapchat trying to compete with Facebook, yet this Mark Zuckerberg led app, is a favorite still.

Apple, Salesforce team up to bring Siri to more business apps

Apple, Salesforce team up to bring Siri to more business apps

Mon, Sep 24, 2018

Apple and Salesforce both have huge ecosystems of third-party software developers. About 20 million developers make software for Apple devices, most of them focused on the consumer, while Salesforce has about 5 million developers who tap into its back-end systems to build business applications - a market that Apple has been expanding into through deals with International Business Machines, Cisco Systems and Accenture.

Twitter's India chief exit adds to company's growth woes

Twitter's India chief exit adds to company's growth woes

Tue, Nov 01, 2016

Twitter's one of the most important markets--India--has added to its woes with its chief Rishi Jaitly deciding to leave the NYSE listed social network platform.

Salesforce still mulls bid for Twitter as shareholders resist

Salesforce still mulls bid for Twitter as shareholders resist

Tue, Oct 11, 2016

Salesforce.com Inc is still deliberating whether it should make an offer for Twitter Inc in the face of resistance from Salesforce shareholders over the strategic merits and valuation of such a deal, people familiar with the matter said on Monday.

Twitter shares tumble after Google rules out bid

Twitter shares tumble after Google rules out bid

Thu, Oct 06, 2016

Twitter shares dove in after-hours trades on the heels of a report that Google does not plan to bid for the culture-changing but unprofitable one-to-many messaging service.

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