Salesforce Com Inc - CRM STOCK NEWS

LiveVox has announced its Contact Center solution's integration with Salesforce, now available on the Salesforce AppExchange. This integration allows agents to manage calls directly from Salesforce, enhancing the customer experience. CEO Louis Summe emphasized the benefits of this data-driven approach for customer service and lead generation. Key features include a unified interface, outbound manual dialing, click-to-dial, inbound call management, and detailed call activity logs. LiveVox aims to streamline workflows and improve agent productivity while managing compliance risks.

Rimini Street (Nasdaq: RMNI) has announced an increase in its stock repurchase program from $15 million to $50 million over the next four years, aimed at enhancing shareholder value. As of March 31, 2022, the company reported strong operating cash flow exceeding $112 million and a record cash balance of over $158 million, with net cash exceeding debt by $71 million. Additionally, Rimini Street prepaid $5 million of its term loan, reducing the outstanding balance to approximately $81.6 million. This move reflects the company's confidence in sustaining growth while managing debt effectively.

Salesforce (NYSE: CRM) reported a strong first quarter for fiscal 2023, achieving $7.41 billion in revenue, marking a 24% increase year-over-year. Operating cash flow rose by 14% to $3.68 billion. The company raised its full-year revenue guidance to between $31.7 billion and $31.8 billion, reflecting a 20% growth expectation. Remaining performance obligations hit $42 billion, indicating robust future revenue prospects. Salesforce also improved its operating margin guidance to ~3.8% GAAP and ~20.4% non-GAAP for FY23.

Salesforce (NYSE: CRM) announced granting equity awards under its 2014 Inducement Equity Incentive Plan to 14 new employees from Phennecs, a provider of data management solutions. A total of 22,106 restricted stock units (RSUs) and 22,463 stock options (NQs) were awarded, with vesting schedules set over four years. The RSUs vest 25% after one year and the balance quarterly, while the NQs vest 25% after one year and the remainder monthly thereafter. This move aims to enhance talent retention and promote growth within Salesforce.

Rimini Street, Inc. (NASDAQ: RMNI) announced a partnership with E-LAND Innople, a South Korean IT affiliate of E-LAND Group, to provide SAP support services. This collaboration significantly reduces E-LAND Innople's annual maintenance costs, enabling them to reinvest the savings into innovation and digital transformation initiatives. Rimini Street's support is noted for enhancing business agility, with dedicated engineers providing rapid response and high satisfaction levels. The partnership is a strategic move aimed at fostering growth in a competitive market.

Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products, announces participation in a fireside chat with Cowen analyst Derrick Wood on June 2, 2022, at 10:50 a.m. Eastern Time in New York. CEO Seth A. Ravin and CFO Michael L. Perica will discuss the company’s strategies and offerings, particularly in the realm of third-party support for Oracle and SAP software. The chat will be accessible live via a link, and available for 90 days post-event. Rimini Street supports over 4,700 organizations globally, helping them reduce costs and enhance business outcomes.

Rimini Street, Inc. (Nasdaq: RMNI), a top provider of enterprise software support, will participate in the 19th Annual Craig-Hallum Institutional Investor Conference on June 1. CEO Seth A. Ravin, CFO Michael L. Perica, and VP of Investor Relations Dean Pohl are scheduled for one-on-one and small group meetings with investors. Rimini Street specializes in third-party support for Oracle and SAP products, helping enterprises reduce costs and enhance business outcomes. The company serves nearly 4,700 organizations worldwide.

Rimini Street, Inc. (Nasdaq: RMNI) has signed an agreement with Lwart Soluções Ambientais, a leading Latin American oil recycler, to provide support for its SAP ECC 6.0 environment. This partnership allows Lwart to optimize its ERP operations and focus on strategic business goals without mandatory upgrades. Rimini Street’s services include tax and regulatory compliance, enabling Lwart to enhance operational efficiency and invest in innovation. The company aims to reach $1B in annual revenue by 2026, showcasing a commitment to long-term growth.

Ooma, a communications platform, launched Ooma Office Pro Plus, a new plan for its business communication service. Priced at $29.95 per user monthly, it includes features such as Call Queuing, Hot Desking, and Salesforce CRM integration. Ooma Office plans now range from $19.95 to $29.95, each tailored to different business needs. The offerings aim to enhance customer interaction and support flexible work environments. Ooma's growth strategy emphasizes technology integration to meet evolving business demands.