Salesforce Com Inc - CRM STOCK NEWS

Salesforce and Herman Miller have partnered to enhance Herman Miller's online shopping experience. This collaboration follows a surge in online furniture demand during the pandemic. The redesigned e-commerce platform will provide a user-friendly interface, improved navigation, and better product filtering, including a new 'Shop the Room' feature. Key functionalities delivered via Salesforce's Commerce, Marketing, Sales, and Service Clouds aim to increase conversion rates and streamline customer interactions. The initiative reflects Herman Miller's commitment to creating a more engaging and efficient shopping environment.

Salesforce (NYSE: CRM) announced that Movado Group is leveraging its platform to enhance digital shopping experiences, both online and in-store. The move aims to address challenges posed by the pandemic and improve customer relationships. Notably, Movado Group's ecommerce sales increased by over 250% in the first quarter year-over-year. The integration of Salesforce Commerce Cloud improved page load times by 20%, while the Service Cloud streamlined customer support operations. Marketing Cloud further enhances targeted marketing efforts through unified analytics.

On June 1, 2021, Combs Enterprises and Salesforce announced the launch of SHOP CIRCULATE, a digital marketplace dedicated to promoting products by Black entrepreneurs. This platform aims to empower consumers to support Black-owned businesses, enhancing economic equity. Developed in collaboration with Deloitte Digital and powered by Marketplacer technology, SHOP CIRCULATE will connect global audiences with a diverse range of products. The acquisition of The Nile List and partnerships with Official Black Wall Street bolster the initiative's capabilities in advancing Black wealth.

Salesforce (NYSE: CRM) has been recognized by Gartner as a Leader in the 2021 Magic Quadrant for Multichannel Marketing Hubs. This accolade highlights Salesforce Marketing Cloud's ability to enhance customer engagement through data integration and AI personalization. The report emphasizes Salesforce's strong position in a rapidly growing market, helping marketers create real-time campaigns across various channels. Salesforce continues to empower businesses to gain a comprehensive view of their customers and optimize marketing strategies. For further details, visit Salesforce Marketing Cloud.

Salesforce (NYSE: CRM) has announced executive participation in key investor events. On June 1, 2021, David Schmaier, President & CPO, will attend the Cowen 49th Annual Technology, Media & Telecom Conference at 10:10 a.m. PT. On June 3, 2021, Amy Weaver, President & CFO, will participate in the William Blair 41st Annual Growth Stock Conference at 12:00 p.m. PT. Both events will be accessible via webcasts on Salesforce’s investor relations website.

Salesforce (NYSE: CRM) announced the first-ever global Dreamforce, scheduled for September 21-23, 2021, in San Francisco and several cities including New York, London, and Paris, both in-person and digitally. Building on the success of the all-digital Dreamforce to You, the 2021 event aims to provide immersive experiences while prioritizing health and safety with COVID-19 guidelines. Attendees must be fully vaccinated. This event will mark the 19th annual Dreamforce and brings together the Salesforce community to learn, connect, and innovate.

Salesforce (CRM) reported a record first quarter for fiscal 2022, with revenues reaching $5.96 billion, a 23% year-over-year increase. The company raised its full-year revenue guidance by $250 million to approximately $26 billion and non-GAAP operating margin to 18%. GAAP diluted EPS was $0.50 and non-GAAP EPS was $1.21. Cash generated from operations surged 74% year-over-year, totaling $3.23 billion. Remaining performance obligations increased 19% to approximately $35 billion.

MuleSoft has launched a significant update to its Anypoint Platform with DataGraph, enabling developers to access data from multiple APIs through a single query without extra coding. This release aims to overcome integration challenges, which 90% of companies face in digital transformation, as highlighted by a McKinsey report. This platform empowers organizations to accelerate delivery speed, automate processes with new connectors, and deploy solutions in multi-cloud environments, enhancing overall operational efficiency.

Salesforce (NYSE: CRM) informed investors about an unsolicited mini-tender offer from Tutanota LLC to acquire up to 1 million shares of its common stock at $240 per share. The offer is conditional upon Salesforce's stock closing above $240 before it expires. Salesforce advises shareholders not to accept this offer, as it is below the market price and lacks sufficient protections provided by larger tender offers. The company emphasizes the importance of consulting with financial advisors regarding this unsolicited offer.