Sources: investors demanded steep concessions in Salesforce's $25B bond deal to fund a share buyback; it sold debt at a significant premium in borrowing costs
Software group sold debt at significant premium in borrowing costs in sign of Wall Street jitters over AI disruption
Sources: Salesforce plans a record debt sale of up to $25B to fund its share buybacks; the company announced a $50B stock buyback program in February
Sources: Salesforce plans a record debt sale of up to $25B to fund its share buybacks; the company announced a $50B stock buyback program in February
The US Army signs a $5.6B, 10-year contract with Salesforce to speed up outdated practices; as part of the deal, military recruiters will get access to Slack
Recruiters will get access to Slack as part of a contract that reflects the Pentagon's drive to adopt commercial software tools
Indian IT giant TCS agrees to acquire Coastal Cloud, a Florida-based Salesforce consulting partner, for $700M, in a bid to boost its AI and US customer business
Tata Consultancy Services is buying U.S.-based Salesforce Summit Partner Coastal Cloud for $700 million to boost its global presence and AI business.
Salesforce buys Doti AI for $100M; the Israeli startup raised $7M and its Work AI tool lets enterprises securely access and use internal knowledge in real time
Meir Orbach / CTech :
Salesforce says it expects FY 2030 revenue of $60B+, vs. $58.37B est., excluding its $8B pending acquisition of data management company Informatica by Q1 2027
Jordan Novet / CNBC :
Sources: the US Navy and Air Force may cancel two nearly complete HR software projects worth $800M+ to let Salesforce, Palantir, and others win similar work
Donald Trump's Navy and Air Force are poised to cancel two nearly complete software projects that took 12 years and well over $800 million combined …
Virtru, which offers data security services to clients like the US DOD and Salesforce, raised a $50M Series D led by Iconiq Capital at a $500M valuation
Will and John Ackerly of Virtru. — COURTESY OF VIRTRU — For John Ackerly, his time in the Bush Administration made him think seriously …
The data industry is consolidating, with Databricks acquiring Neon for $1B and Salesforce acquiring Informatica for $8B, as companies want quality data for AI
But There's a Bigger Plot Twist