Salesforce CEO calls guidance ‘appropriately conservative’ as stock declines after earnings

In an interview with Jim Cramer from CNBC on Wednesday Salesforce CEO Marc Benioff defended the guidance published by the company, even if the figures disappointed Wall Street.

“Our results are absolutely great and our guidance is always conservative.” He said.

Corporate Software Company published After the three -month results on Wednesday. Although the company shared a disappointing guidance, it was able to pass the estimates for earnings and income. Stocks fell more than 5% in the extended transaction.

CNBC, Salesforce, investors have been worried about the increase in income that the company has been standing in one -step since the mid -last year, while this year is behind its peers. The stock is over 23% annually.

Benioff said that Salesforce’s customers are pleased with the artificial intelligence agent product, in which their customers are not only “re -packaged chatgpt”, but also “the ability to transform their business basically” technology.

Salesforce also reshaped According to Benioff, his own business with AI agents. “We supported this with agents,” the company “reduces the number of heads in the field of service and support.”

Benioff said that Salesforce has received success with the US government, the biggest customer. He said that the outfit was doing business with the Ministry of Defense and that he managed to tattoo Palantir An agreement with the army.

“We have achieved a tremendous success against Palantir, because in the meantime, our prices are much lower.” He said. “We offer a very competitive product as a much lower cost.”

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Waiver CNBC Investing Club No Trust has the shares of Salesforce.