Welcome to our dedicated page for Salesforce Com news (Ticker: CRM), a resource for investors and traders seeking the latest updates and insights on Salesforce Com stock.
Salesforce, Inc. (symbol: CRM) is a leading American cloud-based software company headquartered in San Francisco, California. Known for its robust customer relationship management (CRM) software, Salesforce provides a comprehensive suite of applications designed to support sales, customer service, marketing automation, e-commerce, analytics, and application development. The company’s flagship product, Customer 360, integrates customer data across various systems, applications, and devices, offering a unified view to enhance sales, service, marketing, and commerce operations.
Salesforce’s portfolio includes Service Cloud for customer support, Marketing Cloud for digital marketing campaigns, Commerce Cloud as an e-commerce engine, and the Salesforce Platform, which allows enterprises to build custom applications. Additionally, MuleSoft is part of Salesforce's offerings, providing data integration solutions to connect disparate systems.
Recent achievements and ongoing projects highlight Salesforce's commitment to innovation and growth. The company has expanded its capabilities through strategic partnerships and acquisitions. Financially, Salesforce has maintained a strong performance, driven by its recurring revenue model and consistent demand for cloud-based solutions.
For those looking to stay informed on Salesforce's latest developments, the company regularly updates its stakeholders through news releases and financial reports. Stay tuned to understand how Salesforce continues to shape the future of enterprise cloud computing.
Latest News:
Source: Salesforce
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Salesforce reported record-breaking Cyber Week 2024 (Nov. 26 - Dec. 2) results, with global online sales reaching $314.9 billion, up 6% year-over-year, while U.S. sales hit $76 billion, up 7%. Black Friday emerged as the strongest shopping day, generating $74.4 billion globally.
Key highlights include: AI and agents influenced $60 billion in sales through personalized recommendations and support; mobile devices drove 70% of orders, accounting for $220 billion globally; and retailers using AI saw a 2% higher conversion rate. Average discount rates were 26% globally and 28% in the U.S., both slightly down from last year. Social commerce generated 19% of Cyber Week sales through platforms like TikTok Shop and Instagram.
Salesforce (CRM) reported strong Q3 FY25 results with revenue reaching $9.44 billion, up 8% year-over-year. The company achieved a GAAP operating margin of 20.0% and non-GAAP operating margin of 33.1%. Third quarter GAAP diluted earnings per share was $1.58, while non-GAAP EPS reached $2.41.
Notable financial metrics include operating cash flow of $1.98 billion (up 29% Y/Y) and free cash flow of $1.78 billion (up 30% Y/Y). The company returned $1.6 billion to stockholders through share repurchases and dividends. Looking ahead, Salesforce raised its FY25 revenue guidance to $37.8-$38.0 billion, representing 8-9% growth, and increased its operating cash flow growth guidance to 24-26% Y/Y.
Salesforce (NYSE: CRM) has granted equity awards under its 2014 Inducement Equity Incentive Plan to employees from recently acquired companies. The company distributed a total of 90,643 restricted stock units (RSUs) to 55 employees from Tenyx, PredictSpring, and Zoomin. The RSUs will vest over four years, with 25% vesting after the first year and the remaining balance vesting quarterly in 12 equal installments, contingent on continued employment. All recipients are non-executive employees.
Salesforce (NYSE: CRM) has unveiled Agentforce Testing Center, a pioneering AI agent lifecycle management toolset for testing autonomous AI agents at scale. The solution enables teams to test Agentforce using synthetically generated data in secure environments, ensuring accurate responses and comprehensive monitoring.
Key features include AI-generated tests that can auto-generate hundreds of synthetic interactions, Data Cloud Sandboxes for safe testing environments, and enhanced monitoring capabilities through Agentforce Analytics and Utterance Analysis. The platform also offers transparent usage monitoring via Digital Wallet for complete visibility into consumption across the AI development lifecycle.
Fisher & Paykel has chosen Salesforce Agentforce to enhance its global customer support operations. The luxury appliance manufacturer will deploy autonomous AI agents to handle routine tasks like answering FAQs and scheduling service appointments, allowing human agents to focus on higher-value activities. The implementation has shown significant results, including a 206% increase in unique email opens and 112% increase in unique clicks in 2023. The system integrates with Data Cloud, Marketing Cloud, and Service Cloud, reducing service rep training time by 76%. The AI agents can proactively monitor appliance performance, diagnose issues, and coordinate service appointments, providing 24/7 customer support.
Salesforce (NYSE: CRM) has announced it will release its third quarter fiscal year 2025 financial results on Tuesday, December 3, 2024, after market close. The company will host a conference call at 2:00 p.m. (PT) / 5:00 p.m. (ET) to discuss the results with the investment community. A live webcast and replay will be available on the Salesforce Investor Relations website.
Salesforce (NYSE: CRM) announced the general availability of Agentforce, a new AI platform layer enabling companies to build and deploy autonomous AI agents. Unlike traditional chatbots, these agents can independently make decisions and take actions across business functions.
The platform includes Agent Builder for customization and the Agentforce Service Agent for customer support. Built on Salesforce's platform, it integrates with existing tools like Data Cloud, Slack, and MuleSoft. Companies like OpenTable, Saks, and Wiley are already using Agentforce, with Wiley reporting a 40% increase in case resolution.
Starboard Value LP, an investment adviser, announced that its CEO Jeffrey Smith presented at the 2024 Active-Passive Investor Summit. The presentation highlighted value creation opportunities at three companies: Kenvue Inc. (NYSE: KVUE), Pfizer Inc. (NYSE: PFE), and Salesforce Inc. (NYSE: CRM).
The full presentation and individual company presentations are available on Starboard's website. Starboard Value LP focuses on investing in deeply undervalued companies and actively engages with management teams and boards to unlock shareholder value.
EVPassport, a global EV charging network, has expanded its relationship with Salesforce by deploying Salesforce Service Cloud to enhance customer experience. This move aims to strengthen EVPassport's position as a leading EV charging network for customer satisfaction, loyalty, and reliability.
The implementation of Service Cloud will enable EVPassport to deliver personalized, enhanced, and efficient service to its enterprise and commercial business customers, as well as electric vehicle drivers. By leveraging CRM, data, and AI, EVPassport will gain deeper insights into each driver's journey, allowing for a more seamless and personalized user experience.
Hooman Shahidi, co-founder and CEO of EVPassport, emphasized the importance of partnering with Salesforce to build the mobility experience of tomorrow and meet the evolving needs of customers, sites, and communities.
Salesforce (NYSE: CRM) and NVIDIA have announced a strategic collaboration to develop advanced AI capabilities for enterprises. The partnership aims to combine NVIDIA's AI platform with Salesforce's Platform and Agentforce to deliver optimized predictive and generative AI workflows. Key aspects include:
1. Development of autonomous agent and interactive avatar experiences
2. Enhancement of AI capabilities in Salesforce Data Cloud
3. Creation of AI-powered avatars using NVIDIA ACE and Agentforce
4. Expected deployment of billions of Agentforce Agents in coming years
The collaboration focuses on improving customer and employee interactions, offering real-time solutions, and enhancing productivity across various business functions. Use cases include crisis management, real-time weather impact for travel and logistics, and live event management.