Salesforce earnings to higher AI investment drive as cloud spending cools

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The Street

By Martin Baccardax Salesforce (CRM) – Get Free Report shares edged higher in pre-market trading ahead of the cloud-focused software group’s second quarter earnings slated for after the closing bell. Analysts expect Salesforce to post a bottom line of $1.90 per share for the three months ending in July, up 60% from last year, with revenues rising 10.5% to around $8.53 billion. The figures won’t reflect price increases brought by Salesforce earlier this summer — the first in seven years– that took effect on August 1 and will see costs for its cloud and marketing tools rise by an average of 9%…

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