Account
New to ADSS? Open an
account now to get started.
Already have an account?
Add funds to your ADSS account
Account
New to ADSS? Open an
account now to get started.
Add funds to your ADSS account
News
Thursday, September 04, 2025
What’s happening: Shares of Salesforce fell in after-hours trading on Wednesday, following the release of the company’s second-quarter results.
What happened: The cloud software provider reported better-than-expected sales and earnings for the second quarter.
However, Salesforce issued weak revenue forecast for the current quarter, which exerted pressure on the stock.
How were the results: The San Francisco, California-based company reported low double-digit revenue growth for the second quarter of fiscal 2026.
Why it matters: The cloud software provider has significantly increased AI adoption since the launch of OpenAI’s ChatGPT in 2022. The endeavour culminated in the launch of Agentforce, an autonomous AI agent platform designed to automate a wide range of business tasks.
“These (second quarter) results reflect the success of our customers — like Pfizer, Marriott, and the U.S. Army — who are transforming into agentic enterprises, where humans and AI agents work side by side to reimagine workflows, accelerate productivity and deliver customer success,” CEO Marc Benioff said.
However, uncertainties in the macro environment resulted in customers cutting back their spending, which weighed on Salesforce’s growth. Salesforce’s 25% growth in the second quarter was underwhelming compared to Microsoft’s 45% SaaS growth and Oracle’s 43% AI cloud growth.
Although ARR (annual recurring revenue) generated by Salesforce’s AI initiatives, namely Data Cloud and Agentforce, grew 120% year-on-year during the quarter, they contributed less than 3% of total revenue. The slow monetisation of these initiatives, expected by 2027, exerted further pressure on the stock.
The company repurchased $2.2 billion worth of its stock in the latest quarter and announced a $20 billion boost to its current share buyback programme.
Management guided to revenue of $10.24-$10.29 billion for the fiscal third quarter, while projecting adjusted earnings of $2.84-$2.86 per share.
The company raised its revenue guidance to $41.1-$41.3 billion for fiscal 2026 and its adjusted earnings outlook to $11.33-$11.37 per share.
How shares responded: Salesforce’s shares fell 5.6% to $242.15 in the after-hours trading session on Wednesday, following the release of quarterly earnings. The stock has tumbled more than 22% year to date.
What to watch: Investors will continue monitoring the overall macro environment and competition from rivals Microsoft and Oracle.
Context: The AUD/USD forex pair fell this morning amid strength in the US dollar.
Details: The US dollar moved higher this morning after weakening in the previous session, as investors awaited the upcoming labour market data that could provide insights into the interest rate outlook.
Strength in the US dollar weighed on the AUD/USD forex pair this morning. The US dollar index, which measures the greenback’s performance versus a basket of major peers, rose around 0.1% to 98.21.
Meanwhile, strong domestic economic data lent some support to the Australian dollar. Household spending in Australia climbed 0.5% in July, following a 0.3% rise in the previous month and signalling growth for the third straight month.
Australia’s goods trade surplus rose to A$7.31 billion in July, from A$5.37 billion in the previous month. The latest reading came in higher than market estimates of A$5.0 billion.
The figure also marked the largest surplus since February 2024, driven by higher exports and declining imports. Australia’s goods exports surged by 3.3% to a 21-month high of A$46.02 billion in July, while goods imports fell 1.3% to a three-month low of A$38.71 billion.
The AUD/USD forex pair fell 0.1% to 0.6538 this morning, while the S&P/ASX 200 gained 0.84% to reach 8,812.60.
What to watch: Investors await the release of economic data on building permits, private house approvals, Westpac consumer confidence index and NAB business confidence from Australia, due to be released next week. Australia’s Westpac-Melbourne Institute consumer sentiment index, which rose 5.7% to 98.5 in August, is expected to climb further to 99.4 in September.
Analysts expect Australia’s NAB business confidence index to rise to 8 in August, from 7 in the previous month.
Other Markets: European indices closed higher on Wednesday, with the FTSE 100, DAX 40, CAC 40 and STOXX Europe 600 Index up by 0.67%, 0.46%, 0.86% and 0.66%, respectively.
Ukraine’s President Volodymyr Zelenskiy urged European allies to exert further pressure on Russia as military forces continued air attacks. The news sent the RUB/USD pair lower in forex trading this morning.
South Korea’s current account surplus narrowed to $10.78 billion in July, from June’s all-time high of $14.27 billion, which exerted pressure on the KRW/USD forex pair.
Brazil’s S&P Global PMI Services Business Activity Index climbed to 49.3 in August, from 46.3 in the previous month, which sent the BRL/USD pair higher in forex trading this morning.
The National Bank of Poland slashed its benchmark rate by 25 bps to 4.75% at its August meeting, exerting pressure on the PLN/USD forex pair.
The American Petroleum Institute said that US crude oil inventories surged by 0.62 million barrels in the week ending August 29, following a decline of 0.97 million barrels in the previous week, which sent WTI crude oil prices lower this morning.
UK’s new car sales (1200 UAE Time), S&P Global construction PMI (1230 UAE Time), DMP 1Y CPI expectations (1230 UAE Time), DMP 3M output price expectations (1230 UAE Time) and Index-linked Treasury Gilt 2045 auction (1300 UAE Time), Spain’s 12-year Obligacion auction (1240 UAE Time), 3-year Bonos auction (1240 UAE Time), 5-year Index-Linked Obligacion auction (1240 UAE Time) and 7-year Obligacion auction (1240 UAE Time), Eurozone’s retail sales (1300 UAE Time), France’s 2035 OAT auction (1300 UAE Time), 2042 OAT auction (1300 UAE Time) and 2056 OAT auction (1300 UAE Time), Turkey’s foreign exchange reserves (1530 UAE Time), US Challenger job cuts (1530 UAE Time), ADP employment change (1615 UAE Time), balance of trade (1630 UAE Time), initial jobless claims (1630 UAE Time), continuing jobless claims (1630 UAE Time), nonfarm productivity (1630 UAE Time), unit labour costs (1630 UAE Time), S&P Global composite PMI (1745 UAE Time), S&P Global services PMI (1745 UAE Time), ISM services PMI (1800 UAE Time), EIA natural gas stocks change (1830 UAE Time), 4-week Bill auction (1930 UAE Time), 8-week Bill auction (1930 UAE Time), EIA crude oil stocks change (2000 UAE Time), EIA gasoline stocks change (2000 UAE Time), 15-year Mortgage Rate (2000 UAE Time), 30-year Mortgage Rate (2000 UAE Time), EIA Cushing crude oil stocks change (2000 UAE Time) and EIA distillate stocks change (2000 UAE Time), Mexico’s gross fixed investment (1600 UAE Time), Canada’s balance of trade (1630 UAE Time), S&P Global composite PMI (1730 UAE Time) and S&P Global services PMI (1730 UAE Time), as well as Brazil’s balance of trade (2200 UAE Time).
ADSS
8th floor, CI Tower
Corniche Road
PO Box 93894
Abu Dhabi
United Arab Emirates
Trading Services
ts@adss.com
+971 2 657 2414
Investing in CFDs involves a high degree of risk that you will lose your money due to the use of leverage, particularly in fast moving markets, where a relatively small movement in the price can lead to a proportionately larger movement in the value of your investment. This can result in loses that exceed the funds in your account. You should consider whether you understand how CFDs work and you should seek independent advice if necessary.
ADS Securities L.L.C – S.P.C (“ADSS”), a limited liability company – sole proprietorship company incorporated under United Arab Emirates law. Registered under Commercial License No.1190047. ADS Securities L.L.C S.P.C is regulated and authorised in the UAE by the Capital Market Authority (CMA) under Category 1 License No.305027 (Trading Broker, Trading and Clearing Broker, Trading Broker in the International Markets, Trading Broker of OTC Derivatives and Currencies in the Spot Market, Financial Products Dealer) and Category 5 License No.20200000217 (Introduction). Registered Office: 8th Floor, CI Tower, Corniche Road, P.O. Box 93894, Abu Dhabi, United Arab Emirates.
The information presented is not directed at residents of any particular country outside the United Arab Emirates and is not intended for distribution to, or use by, any person in any country where the distribution or use is contrary to local law or regulation.
ADSS is an execution only service provider and does not provide advice. ADSS may publish general market commentary from time to time. Where it does, the material published does not constitute advice, or a solicitation, or a recommendation to a transaction in any financial instrument. ADSS accepts no responsibility for any use of the content presented and any consequences of that use. No representation or warranty is given as to the completeness of this information. Anyone acting on the information provided does so at their own risk.
