Salesforce.com Focuses On AI

According to MarketandMarkets, the artificial intelligence 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 (NYSE:IBM), Microsoft (NASDAQ:MSFT) and Google (NASDAQ:GOOG) (NASDAQ:GOOGL) are key players in the market, and now Salesforce.com (NYSE:CRM) is trying to make inroads into it. Salesforce’s Financials For the first quarter of fiscal 2017, Salesforce’s revenue grew 27% over the year to $1.92 billion, above analyst estimates 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. By segment, revenues from Subscription and Support services grew 27% over the year to $1.78…


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