Salesforce’s share price is up nearly 12% after falling short of earnings expectations and beating Wall Street’s revenue forecast, according to Barron’s.

Salesforce.com has been in the thick of rolling out its Agentforce chatbot. The Ai-powered feature of Salesforce’s CRM systems is expected to leverage AI as a revenue booster, but it was too early to hang the company’s revenue and earnings forecasts on its success, especially if clients weren’t signing contracts.

The software giant is closely watched as a barometer of technology spending, and it just beat sales estimates for the latest period. Salesforce CRM on Tuesday posted fiscal third-quarter revenue of $9.44 billion, above the $9.35 billion FactSet consensus view.

Salesforce stock is soaring after the tech giant beat revenue expectations for its fiscal third quarter and gave a strong outlook for its fourth quarter.

CRM's Q3 earnings reflect the benefits of resilient demand for its solution amid macroeconomic uncertainties and cost-restructuring initiatives. (Bloomberg) -- Salesforce Inc. shares hit a record high on Wednesday after the company reported better-than-expected quarterly revenue,

Salesforce (CRM) delivered a mixed Q3 performance. While revenue exceeded Wall Street expectations, earnings came in below estimates. Further, its Q4 earnings forecast fell short of the Street’s projections.