For Salesforce, It Is All About AI Now

Earlier this week, Salesforce (NYSE: CRM) reported its quarterly results, surpassing market expectations. For a while now, Salesforce has been targeting to become the first $10 billion cloud services company. Recent outlook reveals that the milestone may not be too far off now. For the final quarter of 2016, Salesforce's revenue grew 27% over the year to $2.29 billion, above analyst projections of $2.28 billion. EPS of $0.28 was also significantly ahead of the market's forecast of $0.25 for the quarter.