Salesforce (CRM, Financial) reached a multi-billion dollar agreement with Alphabet (GOOG, Financial) Cloud to join its customer relationship management solutions with Agentforce AI-driven assistants and Data Cloud services on the Google platform. The business partnership, with a total value of $2.5 billion for seven years focuses on combining products from Salesforce's portfolio with Google Workspace capabilities to speed up shared customers' digital transformation efforts.
Many clients double up on technological platforms thus creating a market dynamic beneficial for cloud computing service innovation and competition. Salesforce maintains its multi-cloud approach by continuing to deploy cloud operations through Amazon (AMZN, Financial) Web Services while simultaneously utilizing its platform.
The transaction serves customers who want a single interface across services because business interest in AI and data analytics keeps growing, according to Google Cloud's CEO Thomas Kurian. Following this initiative, Google Cloud declared ServiceNow (NOW, Financial) as a new customer of their distributed cloud platform which will deploy cloud solutions.
The post-market release on Wednesday of Salesforce's fourth quarter fiscal 2025 results is expected to show earnings per share adjusted to $2.61 and revenue of $10.04 billion.
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