Salesforce, Inc. - CRM STOCK NEWS

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.

Salesforce (NYSE: CRM) will release its first quarter fiscal 2022 results on May 27, 2021, after market close. The company will conduct a conference call at 2:00 p.m. PT / 5:00 p.m. ET to discuss these results with investors. A live webcast and replay will be available on Salesforce's Investor Relations website. Salesforce is recognized as the global CRM leader, assisting companies in transforming and enhancing customer relationships.

Salesforce (NYSE: CRM) and Disney Studios Content have announced an innovation partnership aimed at enhancing the content production lifecycle. This collaboration will leverage Salesforce's platform to improve digital workflows, providing a comprehensive view of media performance, and enabling quick access to updates via mobile technology. The initiative promises to accelerate and coordinate production, benefitting both marketing and storytelling efforts. Disney aims to utilize Salesforce's technology to support its diverse slate of content for streaming and theatrical audiences.