Is It Time to Buy Salesforce Stock?
Salesforce's (NYSE: CRM) latest quarter delivered a powerful combination of triple-digit growth in artificial intelligence (AI) and robust financials. The customer relationship management software company posted steady top-line growth, expanding margins, and incredible momentum in its newer AI offerings -- all while returning a meaningful chunk of cash to shareholders.
On Sept. 3, the company reported fiscal Q2 results for the period ended July 31. A few days removed from the headline noise, the investment case looks stronger, not weaker. Sure, the Street's knee-jerk reaction to the report seemed centered on short-term noise. Management guided to worst-than-expected sequential growth for fiscal Q3, and shares took a hit in after-hours trading. But a slight miss on guidance is just a small detour in the company's promising growth story. The underlying engine here is throwing off cash, and the AI layer is starting to scale.
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Source Fool.com
