In a Wednesday interview with CNBC’s Jim Cramer, Salesforce CEO Marc Benioff defended the guidance his company issued,even though the figures disappointed Wall Street.

“Our results are absolutely fantastic and our guidance is also,you know,is always appropriately conservative,” Benioff said.

The enterprise software company reported its quarterly results wednesday after close. while the company beat estimates for earnings and revenue,it shared disappointing guidance.The stock dipped more than 5% in extended trading.

Salesforce has lagged behind its peers this year as investors worry about the company’s revenue growth, which has stalled in the single digits since the middle of last year, CNBC reported. The stock is down over 23% year-to-date.

Benioff stated Salesforce’s customers are pleased with its artificial intelligence agent product, which he said is not just “repackaged ChatGPT,” but technology that…