Salesforce Com Inc - CRM STOCK NEWS

Salesforce (NYSE: CRM), the leading AI CRM company, has announced the timing for its second quarter fiscal year 2025 financial results release. The results will be unveiled on Wednesday, August 28, 2024, after the market closes. Following the release, Salesforce will host a conference call at 2:00 p.m. (PT) / 5:00 p.m. (ET) to discuss the financial results with the investment community. Investors and interested parties can access a live webcast and replay of the event through the Salesforce Investor Relations website at www.salesforce.com/investor.

Box and Slack have expanded their partnership to bring secure AI capabilities to enterprise content. The integration allows Box Enterprise Plus customers to access unlimited Box AI queries directly in Slack, enabling users to extract insights from Box files within their Slack workspace. This enhancement aims to transform collaboration and productivity for joint customers.

Key features of the expanded partnership include:

• Dynamic and secure file previews of Box files in Slack
• Real-time content card updates
• Enhanced Box for Slack workflows
• Improved admin delegated authorization
• Streamlined content workflow between Box, Slack, and Salesforce

The integration is available immediately for all Slack customers with Box Enterprise Plus plans, offering AI-powered insights without leaving the Slack environment.

Salesforce (NYSE: CRM) and Workday (NASDAQ: WDAY) have announced a strategic partnership to launch an AI-powered employee service agent. This assistant, leveraging Salesforce's Agentforce Platform and Einstein AI, alongside Workday's platform and AI, will assist with tasks such as onboarding, health benefits, and career development.

The integration includes a shared data foundation combining HR and financial data from Workday with CRM data from Salesforce. Workday will also be integrated into Slack for streamlined employee collaboration.

This initiative aims to enhance productivity, reduce costs, and improve employee experiences by automating tasks and providing personalized support.

EVPassport, the leading EV charging network in the US, has appointed Mike Milburn to its Board of Directors. Milburn, former Chief Customer Officer at Salesforce (NYSE: CRM), brings over 20 years of leadership experience in SaaS, growth, and innovation. This appointment follows EVPassport's recent $200 million investment to accelerate its end-to-end EV charging solution.

EVPassport's innovative infrastructure-as-a-service (IaaS) model has enabled rapid growth across 35 states, Canada, and Mexico. The company has deployed thousands of chargers, serving over 500 enterprise customers with a 99.97% uptime. Milburn's expertise in integrating software services and infrastructure is expected to support EVPassport's mission to build the most reliable and user-friendly EV charging network.

Salesforce (NYSE: CRM), the leading AI-powered CRM platform, has declared a quarterly cash dividend of $0.40 per share. The dividend will be payable on July 25, 2024, to shareholders recorded by July 9, 2024. This move underscores Salesforce's commitment to delivering shareholder value. For further details, visit their website or view the source on businesswire.com.

Marc Benioff, Chair and CEO of Salesforce, has been honored with the Yale Legend in Leadership Award at the Yale CEO Summit, recognizing his visionary leadership and global commercial impact. This award is presented by the Yale Chief Executive Leadership Institute to CEOs who inspire across industries and nations. The virtual summit featured 250 CEOs, with notable figures such as Michael Dell of Dell Technologies and Bob Iger of The Walt Disney Company highlighting Benioff's dedication to using business as a platform for change. Benioff's leadership has driven Salesforce to become the world's leading AI CRM, pioneering technologies and transforming businesses globally.

Backstroke announces the launch of its generative AI messaging platform aimed at revolutionizing email, SMS, and mobile push marketing for B2C brands. With a $2M seed round led by High Alpha and Ground Game Ventures, Backstroke leverages a massive dataset from over 10,000 brands, tracking millions of messages to enhance marketing content. This technology aims to drive up to 64% more revenue per send compared to human copywriters. Early adopters include brands like Pearl iZUMi and Nathan Sports. Founded by R. J. Talyor and Allyson Talyor, Ph.D., Backstroke aims to simplify and personalize marketing tech. The company's launch event features Olympic swimmer Matt Biondi and will take place on June 21, 2024, in Indianapolis.

Salesforce (NYSE: CRM) announced its annual stockholders meeting will be held virtually on Thursday, June 27, 2024, at 11:00 a.m. (PT) / 2:00 p.m. (ET). The meeting will be webcast live on Salesforce's investor relations website. Stockholders as of May 1, 2024, are entitled to participate with a 16-digit control number included in the proxy materials. Non-stockholders can attend as guests. Additional details are available in Salesforce's proxy statement on their investor relations website.

Salesforce (NYSE: CRM) reported a strong first quarter for fiscal year 2025, with revenue hitting $9.13 billion, an 11% rise year-over-year. Subscription and support revenue grew 12% year-over-year to $8.59 billion. The company's GAAP operating margin was 18.7%, while the non-GAAP operating margin stood at 32.1%. Operating cash flow surged 39% year-over-year to $6.25 billion, and free cash flow rose by 43% to $6.08 billion. The company returned $2.2 billion to shareholders through share repurchases and paid $0.4 billion in dividends.

For FY25, Salesforce maintains its revenue guidance between $37.7 billion and $38.0 billion, reflecting an 8-9% increase year-over-year. However, it has lowered its subscription and support revenue growth guidance to slightly below 10%. The full-year GAAP operating margin guidance has also been reduced to 19.9%, while the non-GAAP operating margin guidance remains at 32.5%.