Salesforce Com Inc - CRM STOCK NEWS

Salesforce (NYSE: CRM) announced its executives will take part in key investor events on September 14 and 15, 2020. Doug Camplejohn, EVP & GM of Sales Cloud, will present at the Deutsche Bank Virtual Technology Conference on September 14 at 10:40 a.m. PT, while Mark Hawkins, President & CFO, will speak at the Jefferies Virtual Software Conference on September 15 at 7:00 a.m. PT. Webcasts for these presentations will be accessible on Salesforce's investor website.

Salesforce (NYSE: CRM) announced its executives will participate in several upcoming investor events. On September 1, David Schmaier, CEO of Salesforce Industries, will join RBC Capital's Virtual Technology Tour at 1:00 PM PT. On September 4, Adam Blitzer, EVP & GM, Digital, will take part in a fireside chat hosted by Truist Securities at 10:00 AM PT. Finally, on September 8, Bill Patterson, EVP & GM, CRM Applications, will also join a fireside chat at Citi's 2020 Global Technology Virtual Conference at 1:15 PM PT. Webcasts will be available on Salesforce's investor website.

Salesforce (NYSE: CRM) announced the launch of the Naloxone Virtual Dispensary by the Nevada Department of Health and Human Services to combat the opioid crisis. This application tracks naloxone supply and enables efficient management of federally appropriated funds. Since its deployment, over 11,861 naloxone kits have been dispensed, along with 4,942 kits to first responders and 856 overdose reversals reported. The initiative aims to improve community health amidst rising opioid overdose rates exacerbated by the COVID-19 pandemic.

Salesforce (NYSE: CRM) has been recognized as a Leader in Gartner's 2020 Magic Quadrant for Digital Commerce for the fifth consecutive year. This recognition highlights Salesforce’s ability to execute and its completeness of vision in the digital commerce space. The Salesforce Commerce Cloud supports over two billion shoppers monthly, providing a comprehensive platform for businesses to enhance customer experiences across multiple channels. The emphasis on digital transformation is paramount as companies seek scalable commerce solutions to meet rapidly evolving consumer demands.

Salesforce (NYSE: CRM) announced the granting of equity awards to 703 employees of Vlocity, Inc. as part of its 2014 Inducement Equity Incentive Plan. A total of 363,731 restricted stock units (RSUs) and 88,463 stock options were distributed. The RSUs vest over four years, with 25% vesting on the first anniversary. The stock options also vest over four years, with 25% vesting on the first anniversary, followed by monthly vesting. This initiative aims to enhance Salesforce's industry capabilities and provide further tools for customer digital transformation.

Salesforce reported strong fiscal Q2 results for the period ending July 31, 2020, achieving $5.15 billion in revenue, a 29% year-over-year increase. Subscription and support revenues were $4.84 billion, also up 29%. GAAP diluted earnings per share reached $2.85, bolstered by a $2 billion tax benefit from international restructuring. Despite a 2% decline in operating cash flow to $0.43 billion, remaining performance obligations grew 21% year-over-year to $30.6 billion. Salesforce has raised its revenue and earnings guidance for FY21.

On August 11, 2020, Salesforce (NYSE: CRM) launched Work.com for Schools to assist educational institutions in safely reopening amid the pandemic. This initiative provides tools for data-driven decisions, communication, and remote learning support. Additionally, Salesforce is granting $20 million to five major U.S. school districts to enhance equitable learning opportunities. With a total investment in education reaching $118 million, Salesforce aims to bridge the digital divide and ensure every student can access quality education.

Salesforce (NYSE: CRM) announced that the University of Kentucky will implement its Work.com platform to ensure a safe return of students, faculty, and staff on August 17. Work.com provides emergency response management, contact tracing, health assessments, and shift scheduling. The university, which has used Salesforce's Education Cloud since 2017, created a return-to-campus framework involving 500 participants. This strategic deployment aims to enhance community health support and readiness while leveraging real-time data insights.

Salesforce (NYSE: CRM) will announce its second quarter fiscal year 2021 results on August 25, 2020, after market close. A conference call is scheduled for 2:00 p.m. PT / 5:00 p.m. ET to discuss the financial results. Investors can access the live webcast and pre-register via the Salesforce Investor Relations website. A replay will be available until September 8, 2020. This announcement emphasizes Salesforce's continued transparency and engagement with its stakeholders.