Salesforce could be repositioning itself as a data company - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2023\/06\/01\/salesforce-could-be-repositioning-itself-as-a-data-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Salesforce could be repositioning itself as a data company - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source:https:\/\/techcrunch.com\/2023\/06\/01\/salesforce-earnings-data-company\/ Salesforce could be repositioning itself as a data company 2023-06-01 21:40:51 Salesforce reported earnings on Wednesday, and while it wasn\u2019t quite the heady rush of last quarter\u2019s unexpectedly strong offering, it was by all accounts decent. And as far as Wall Street is concerned, the numbers beat analyst\u2019s expectations. 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Salesforce reported earnings<\/a><\/span> on Wednesday, and while it wasn\u2019t quite the heady rush of last quarter\u2019s unexpectedly strong offering<\/a>, it was by all accounts decent. And as far as Wall Street is concerned, the numbers beat analyst\u2019s expectations. Good on them, that always feels like a key investor metric when judging the quality of a quarter.<\/p>\n

When you consider the stakes of the prior quarter, when activist investors were circling<\/a>, the company did well enough to ease the pressure<\/a>. Now it has to do everything else.<\/p>\n

The company\u2019s $8 billion in revenue certainly wasn\u2019t anything to sneeze at. Salesforce grew 11%, down slightly from last quarter\u2019s 14%. Overall, though, the numbers, if anything, look a little mixed with some good news and some not so good: Some parts of the business were growing quite slowly, and perhaps worse, continuing to decelerate.<\/p>\n

That said, however, perhaps one of the most interesting pieces of data in the financial report was which part of the company\u2019s core offerings was actually the fastest growing cloud. Probably not the one you think. In fact, it was the newest one: Data Cloud, which launched last year<\/a> at Dreamforce. (They called it Genie then, but as the company often does when it comes to product names, it changed the name a few months later to Data Cloud.)<\/p>\n

$\"Salesforce$ <\/p>\n

Image Credits:<\/strong> Salesforce<\/p>\n<\/div>\n

Perhaps the fact it\u2019s new could account for some of that growth since it\u2019s always easier to grow faster when starting with a smaller number, but it could also signal a focus shift where the data exhaust being generated by the Salesforce family of products could become more valuable than the products themselves, at least in terms of new revenue adds.<\/p>\n

At a recent customer event in New York<\/a> last month, the company\u2019s main keynote focused almost exclusively on generative AI, and that by using Salesforce data instead of the open internet, you could reduce some of the issues around hallucinations where the model makes things up, as well as data ownership and governance problems.<\/p>\n<\/p><\/div>\n

<\/br><\/br><\/br><\/p>\n

Science, Tech, Technology<\/br>
\n<\/br>
\nSource:https:\/\/techcrunch.com\/2023\/06\/01\/salesforce-earnings-data-company\/<\/a><\/br><\/br><\/p>\n","protected":false},"excerpt":{"rendered":"