Despite a challenging first half of 2024, Salesforce is poised for growth driven by increased software spending and a shift towards shorter-term projects. The company’s focus on generative AI and its Data Cloud are key factors driving optimism.
Results for: Data Cloud
Snowflake, a leading AI data cloud company, has introduced an industry-specific solution for the Travel and Hospitality sector. This new AI Data Cloud aims to empower businesses within the industry with data-driven insights for enhanced customer experiences and operational efficiency.
Needham analyst Scott Berg anticipates Salesforce to report modest growth in the second quarter, citing ongoing economic pressures on spending. While the analyst remains cautiously optimistic, he expects Data Cloud to be a key area of focus, potentially boosting results in the latter half of the year.
Snowflake, a leading data cloud company, is set to release its second-quarter earnings for fiscal year 2024 on Wednesday after the market closes. Analysts predict earnings per share of 16 cents and revenue of $851.16 million. However, recent news surrounding Berkshire Hathaway’s divestment of its Snowflake shares and price target adjustments from several analysts has added intrigue to the upcoming report.