Salesforce Focusing On AI

According to MarketandMarkets, the artificial intelligence (AI) market is estimated to grow from 419.7 million in 2014 to 5.05 billion by 2020, growing at a CAGR of 53.65% from 2015 to 2020. The Media and Advertising sector is expected to drive the growth of AI during this period. IBM, Microsoft, and Google are key players in the market, and now Salesforce is trying to make inroads into it. For the first quarter of fiscal 2017, Salesforce's revenue grew 27% over the year to 1.92 billion, above analyst estimate of 1.89 billion. Net income was 38.8 billion or 0.06 per share. Non GAAP EPS was 0.24, beating analyst forecast of 0.25.