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Salesforce, Inc. - CRM STOCK NEWS

Welcome to our dedicated page for Salesforce news (Ticker: CRM), a resource for investors and traders seeking the latest updates and insights on Salesforce stock.

Salesforce, Inc. (symbol: CRM) is a leading American cloud-based software company headquartered in San Francisco, California. Known for its robust customer relationship management (CRM) software, Salesforce provides a comprehensive suite of applications designed to support sales, customer service, marketing automation, e-commerce, analytics, and application development. The company’s flagship product, Customer 360, integrates customer data across various systems, applications, and devices, offering a unified view to enhance sales, service, marketing, and commerce operations.

Salesforce’s portfolio includes Service Cloud for customer support, Marketing Cloud for digital marketing campaigns, Commerce Cloud as an e-commerce engine, and the Salesforce Platform, which allows enterprises to build custom applications. Additionally, MuleSoft is part of Salesforce's offerings, providing data integration solutions to connect disparate systems.

Recent achievements and ongoing projects highlight Salesforce's commitment to innovation and growth. The company has expanded its capabilities through strategic partnerships and acquisitions. Financially, Salesforce has maintained a strong performance, driven by its recurring revenue model and consistent demand for cloud-based solutions.

For those looking to stay informed on Salesforce's latest developments, the company regularly updates its stakeholders through news releases and financial reports. Stay tuned to understand how Salesforce continues to shape the future of enterprise cloud computing.

Latest News:
Source: Salesforce
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News

Salesforce Announces Strong Fourth Quarter Fiscal 2024 Results

Rhea-AI Summary
Salesforce (NYSE: CRM) announces strong financial results for Q4 and FY24, with revenue growth, increased performance obligations, and operating cash flow. The company initiates a dividend, share repurchase program, and provides guidance for FY25. Despite positive performance, some negative impacts on operating margin and EPS are noted.
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3.02%
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Salesforce's Einstein Copilot is Here: The Conversational AI Assistant for CRM that Delivers Trusted AI Responses Grounded with Your Company Data

Rhea-AI Summary
Salesforce (NYSE: CRM) introduces Einstein Copilot, a customizable AI assistant for CRM that leverages company data to enhance productivity and customer relationships. The AI tool is embedded in Salesforce applications and offers generative responses, actions, and customization capabilities, catering to various business needs.
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-0.3%
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Salesforce Announces Timing of its Fourth Quarter and Full Year Fiscal 2024 Results Conference Call

Rhea-AI Summary
Salesforce (NYSE: CRM) will release its fourth quarter and full fiscal year 2024 results on February 28, 2024, after the market close. The company will host a conference call to discuss its financial results with the investment community. A live webcast and replay of the event will be available on the Salesforce Investor Relations website at www.salesforce.com/investor.
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1.08%
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earnings
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New Salesforce Data and AI Innovations for Retail Help Businesses Drive Efficiency and Deliver Connected Shopping Experiences

Rhea-AI Summary
Salesforce (NYSE: CRM) announced new data and AI-powered tools to transform shopping experiences, powered by the Einstein 1 Platform. 83% of global retailers have seen operational efficiency improvements with AI, and 63% of marketers say that trusted customer data is important. New tools include Einstein Copilot for Shoppers, Page Designer, Return Insights, Inventory Insights, Global Promotion Management, Referral Marketing, Segment Creation, and Content Creation. These tools aim to improve customer interactions, increase loyalty, drive revenue, and boost employee productivity.
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New Vector Database in Salesforce Data Cloud Will Power AI, Analytics, and Automation Using LLMs with Business Data for Use Across the Einstein 1 Platform

Rhea-AI Summary
Salesforce (NYSE: CRM) announced significant updates to its Einstein 1 Platform, adding the Data Cloud Vector Database and Einstein Copilot Search. The Data Cloud Vector Database will unify all business data, including unstructured data like PDFs, emails, and transcripts, with CRM data to enable grounding of AI prompts and Einstein Copilot, eliminating the need for costly and complex fine-tuning of LLM models. This will provide AI search capabilities to deliver precise answers from Data Cloud instantly in a conversational AI experience, boosting productivity for all business users.
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-0.04%
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ADP Reimagines the Human Capital Management Client Experience with Salesforce Generative AI

Rhea-AI Summary
Salesforce (CRM) and ADP (ADP) have expanded their partnership to reimagine ADP's client experience for its more than 1 million clients. The collaboration aims to unite ADP's data and insights with Salesforce's Customer 360 platform to drive greater collaboration and empower ADP's service teams with real-time, quick responses to client inquiries using generative AI. This partnership reflects a commitment to delivering intelligent, personalized, and automated customer experiences.
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Rhea-AI Sentiment
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1.45%
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AI
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Salesforce Announces Strong Third Quarter Fiscal 2024 Results

Rhea-AI Summary
Salesforce (CRM) reported a strong third quarter fiscal 2024 with $8.72 billion in revenue, up 11% year-over-year. The company also announced a 17.2% GAAP operating margin and a non-GAAP operating margin of 31.2%. Salesforce returned $1.9 billion to stockholders through share repurchases and initiated fourth quarter FY24 revenue guidance of $9.18 billion to $9.23 billion. The company's full year FY24 revenue guidance was narrowed to $34.75 billion to $34.8 billion, with a raised GAAP operating margin guidance to 14.5% and non-GAAP operating margin guidance to 30.5%. Salesforce also raised its full year FY24 operating cash flow growth guidance to 30% to 33% year-over-year.
Rhea-AI Impact
Rhea-AI Sentiment
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9.36%
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earnings
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Salesforce Data Reveals Record-Breaking Cyber Week: $298B in Global Digital Sales, $51B in AI-Influenced Purchases

Rhea-AI Summary
Salesforce (CRM) Cyber Week 2023 figures reveal 6% YoY growth in global online sales, reaching $298 billion, with U.S. sales up 5% YoY to $70.8 billion. AI influenced $51 billion of global online sales, driving growth through targeted offers and personalized shopping. Black Friday and Cyber Monday saw 8% and 5% global sales increases respectively, with mobile traffic accounting for 79% of ecommerce traffic.
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Rhea-AI Sentiment
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2.41%
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Salesforce and AWS Expand Partnership for Customers to More Easily Build Trusted AI Apps, Deliver Seamless CRM Experiences, and Bring Salesforce Products to AWS Marketplace

Rhea-AI Summary
Salesforce (CRM) and Amazon Web Services (AWS) (AMZN) have announced a significant expansion of their strategic partnership, deepening product integrations across data and AI, and offering select Salesforce products on the AWS Marketplace. The expanded agreement aims to make it easier for customers to manage their data across Salesforce and AWS and safely infuse AI technologies into their applications. The partnership will enhance customer experiences, streamline purchasing options, and empower developers with new AWS compute and development services. The new product integrations will be available in 2024.
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0.67%
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Salesforce Grants Equity Awards to Airkit.ai Employees Under Its Inducement Equity Incentive Plan

Rhea-AI Summary
Salesforce (CRM) Grants Equity Awards to Airkit.ai Employees Under 2014 Plan
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0.24%
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FAQ

What is the current stock price of Salesforce (CRM)?

The current stock price of Salesforce (CRM) is $323.43 as of November 19, 2024.

What is the market cap of Salesforce (CRM)?

The market cap of Salesforce (CRM) is approximately 306.1B.

What does Salesforce, Inc. specialize in?

Salesforce specializes in cloud-based software solutions, including customer relationship management (CRM) and various enterprise applications.

Where is Salesforce headquartered?

Salesforce is headquartered in San Francisco, California.

What is Customer 360?

Customer 360 is Salesforce's platform that integrates customer data across systems, apps, and devices to provide a unified view for sales, service, marketing, and commerce operations.

What are some of Salesforce's main products?

Salesforce's main products include Service Cloud, Marketing Cloud, Commerce Cloud, Salesforce Platform, and MuleSoft.

How does Salesforce support customer service?

Salesforce supports customer service through its Service Cloud, which provides tools and applications for enhanced customer support.

What is the Salesforce Platform?

The Salesforce Platform allows enterprises to build custom applications tailored to their specific needs.

What is MuleSoft?

MuleSoft, a part of Salesforce's offerings, provides solutions for data integration, helping connect different systems and applications.

How does Salesforce contribute to marketing automation?

Salesforce contributes to marketing automation through its Marketing Cloud, which supports digital marketing campaigns.

What financial model does Salesforce follow?

Salesforce follows a recurring revenue model, primarily driven by its subscription-based services.

How can I stay updated on Salesforce's latest news?

You can stay updated on Salesforce's latest news by following their official news releases and financial reports.

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Salesforce, Inc.

NYSE:CRM

CRM Rankings

#27 Ranked by Market Cap
#2014 Ranked by Dividends

CRM Stock Data

306.08B
930.73M
2.64%
82.32%
1.38%
Software - Application
Services-prepackaged Software
Link
United States of America
SAN FRANCISCO