tl;dr
Salesforce and Amazon have announced a significant expansion of their partnership, allowing customers to purchase software directly through Amazon's cloud computing marketplace. This deal, announced at AWS re:invent, will enable Salesforce customers to pay via credits on AWS Marketplace and integrat...
Salesforce and Amazon have announced a significant expansion of their partnership, allowing customers to purchase software directly through Amazon's cloud computing marketplace. This deal, announced at AWS re:invent, will enable Salesforce customers to pay via credits on AWS Marketplace and integrate AWS data more easily into Salesforce products, as well as utilize generative AI tools.
Salesforce CEO, Marc Benioff, stated that the partnership represents a major milestone, bringing together the leading AI CRM provider and the top cloud provider to deliver an integrated data and AI platform that meets the demands of customers. Adam Selipsky, AWS CEO, echoed these sentiments, emphasizing the innovative and collaborative opportunities that the expanded partnership will offer to joint customers.
Salesforce hopes to boost sales and reduce operating expenses by listing on AWS Marketplace, and plans to offer a range of products, including Data Cloud, Service Cloud, Sales Cloud, Industry Clouds, Tableau, MuleSoft, Platform, and Heroku. Amazon will take a cut of revenue generated through its AWS Marketplace, similar to how Apple and Google take cuts through their respective app stores. Both Salesforce and Amazon shares rose in premarket trading following the announcement.
More about Salesforce.com Inc
Salesforce.com Inc is a leading American cloud-based software company in the technology sector, providing CRM services and a suite of enterprise applications. With a market cap of $218.32 billion and a stock price of $231.94, the company has shown strong growth and market sentiment. However, with a P/E ratio of 141.12 and a relatively high beta of 1.59, there are potential risks associated with the stock's performance. It's important to consider the support and resistance levels, as well as technical indicators like RSI and moving averages to assess potential breakouts or trend reversals. While the company has shown bullish trends, past market behavior may not always be a reliable indicator of future performance, so investors should approach with caution.
More about Amazon.com Inc
Amazon.com, Inc. is a leading multinational technology company with a focus on e-commerce, cloud computing, digital streaming, and artificial intelligence. As one of the Big Five companies in the U.S. information technology industry, it holds a significant position in the market. The company's market capitalization stands at $1.516 trillion, with a current stock price of $3,329.62. The stock has shown a 1-year return of 76.83% and a 5-year return of 554.03%, indicating strong performance. However, the stock has experienced recent volatility, with a 1-month return of 1.91% and a 3-month return of 53.95%. Market sentiment remains positive, with a Relative Strength Index (RSI) of 57.93, suggesting a bullish trend. Investors should carefully consider the potential risks and uncertainties associated with the stock's recent performance, as past market behavior is not always indicative of future performance.
Disclaimer:
This is not financial advice. Please do your own research before investing in any cryptocurrency.