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National Cybersecurity Authority Holds 'Cybersecurity Awareness Exhibition' for Hajj Season 2024

Photo by SPA
Photo by SPA
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National Cybersecurity Authority Holds 'Cybersecurity Awareness Exhibition' for Hajj Season 2024

Photo by SPA
Photo by SPA

In partnership with the Ministry of the Interior (MOI), the National Cybersecurity Authority, held the “Cybersecurity Awareness Exhibition for the Hajj Season 2024,” at MOI Employees Club in Makkah in the presence of the Deputy Assistant Minister of the Interior for Technology Affairs, Eng. Thamer Al-Harbi.
The four-day event, aims to raise the level of awareness of cybersecurity through innovative and interactive methods and enhance the values ​​of preserving national security, SPA reported.
The exhibition, which targets employees of government agencies participating in this year’s Hajj season, reviews the concepts of cybersecurity and its importance at the national level, presents a live simulation of cyberattacks on individuals and organizations, explains safe practices through a set of interactive methods, and provides general consultations and recommendations to avoid falling into electronic phishing.

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Salesforce Gains as Software Firm Bets on AI Tools to Power Growth

The Salesforce logo is pictured on a building in San Francisco, California, US October 12, 2016. REUTERS/Lily Jamali/File Photo Purchase Licensing Rights
The Salesforce logo is pictured on a building in San Francisco, California, US October 12, 2016. REUTERS/Lily Jamali/File Photo Purchase Licensing Rights
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Salesforce Gains as Software Firm Bets on AI Tools to Power Growth

The Salesforce logo is pictured on a building in San Francisco, California, US October 12, 2016. REUTERS/Lily Jamali/File Photo Purchase Licensing Rights
The Salesforce logo is pictured on a building in San Francisco, California, US October 12, 2016. REUTERS/Lily Jamali/File Photo Purchase Licensing Rights

Shares of Salesforce gained more than 5% on Thursday as investors cheered the customer relationship management software maker's upbeat quarterly results and its artificial intelligence push to drive growth.

The company has been heavily investing to integrate its AI technologies into existing products, such as its messaging platform Slack, to enhance their capabilities and attract more customers.

"We continue to see Salesforce as an under-appreciated AI winner as its differentiated data and early success in creating/deploying GenAI agents," Reuters quoted Goldman Sachs analyst Kash Rangan as saying.

Wall Street was concerned that tempered cloud spending would affect Salesforce in a tough economy, but the software-as-a-service (SaaS) firm reported better-than-expected revenue, profit and margins in the second quarter.

Salesforce also raised its profit forecast for the year ending January 2025, as margins continue to expand, thanks to its restructuring efforts last year.

The stock is trading at 24.49 times that of Wall Street's profit expectations, compared with 52.11 for SaaS peer ServiceNow and cloud contact center firm Five9's 13.30.

Salesforce is set to add $14 billion to its market capitalization if premarket gains hold. The company's valuation stood at $248 billion as of Wednesday's close.

"We think these results alone are not good enough to drive a sustainable rally from here. For that, we need more catalysts, which could come with the new AI solutions," which are set to be showcased at its event Dreamforce and launched in October, Barclays analyst Raimo Lenschow said.

Some analysts believe that sustained growth in the coming quarters can come through customer support platform Agentforce, which is not yet commercially available.