Stephen Lam Salesforce (NYSE:CRM) is the number one enterprise software company with a 22% share of the market followed by MSFT (MSFT) at 5.7% and Oracle (ORCL) at 4.7%. It is also the number three software company, in this category trailing Microsoft and Oracle. Though number one in the category it dominates it clearly has plenty of room to expand. It has an estimated Total Addressable Market with a self-generated figure of $290 billion by 2026. Trailing Q3 2023 (2024 FY) revenues were about $34 billio ...

Salesforce.com (CRM) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this customer-management software developer have returned +6.4% over the past month versus the Zacks S&P 500 composite's +2.5% change. The Zacks Computer - Software industry, to which Salesforce.com belongs, has gained 6.8% over this period. Now the key question is: Where could the stock be headed in the nea ...

The past year was rough yet again for cloud software stocks. Facing down the second year of a bear market in which customers got picky with their spending, all the while dealing with new investor demands to refocus on profitability, many apps and software vendors didn't make the cut.But then there are businesses like HubSpot (HUBS 1.42%). While it's still down significantly from all-time highs, the stock rallied in grand fashion in 2023, and continues to outperform its giant peer Salesforce (CRM 1.19%) over ...

Mike Coppola/Getty Images Entertainment I am growing increasingly convinced that Salesforce, Inc. (NYSE:CRM) is on a path to become the next Microsoft Corporation (MSFT). Specifically, CRM has assembled a wide and deep product portfolio and has demonstrated a strong commitment to driving profitable growth. The company maintains a net cash balance sheet and has shown incredible operating margin expansion. While top line growth looks poised to slow moving forward, I expect the market to continue rewarding the ...

Key TakeawaysSalesforce is reportedly laying off 700 workers or around 1% of its workforce, in the latest of a series of job cuts.The move comes after a wave of layoffs by other big tech firms including Google, Amazon, and Microsoft.Last January, Salesforce cut around 10% of its workforce to rebalance following a pandemic-era hiring boom.Salesforce (CRM) shares ticked 0.6% higher in intraday trading Friday following reports it's laying off 700 workers or around 1% of its workforce, in the latest of a series ...

Salesforce is reportedly laying off 700 employees, or about 1% of its workforce.The cuts are being made across the company, The Wall Street Journal (WSJ) reported Friday (Jan. 26), citing an unnamed source.Salesforce did not immediately reply to PYMNTS’ request for comment.The company still has 1,000 jobs open, suggesting this is a routine adjustment of the workforce and Salesforce aims to redirect its spending to other areas, according to the report.Salesforce laid off 8,000 employees, or 10% of its staff, ...

Salesforce (NYSE:CRM) layoffs are coming for the customer relationship management technology company’s employees as it focuses on streamlining operations.Insider reports claim that Salesforce is going to cut 700 jobs, or 1% of its workforce. However, these job cuts may not be a sign of weakness at the company.Instead, traders will note that Salesforce continues to have 1,000 open positions available. That makes it likely that these latest cuts are routine. It’s also possible some of the employees affected b ...

智通财经APP获悉，周五，美国科技行业又传来新一轮裁员的消息。据报道，赛富时(CRM.US)将裁员约700人，约占其全球员工总数的1%。 不过，知情人士表示，赛富时全公司仍有1000个职位空缺，这意味着此举可能更多的是对公司员工的例行调整。 赛富时没有回应置评请求。 事实上，在这次裁员之前，美国科技行业已经出现了大范围的裁员潮，这其中包括亚马逊(AMZN.US)、谷歌(GOOGL.US)等巨头。根据裁员追踪平台Layoffs.fyi的数据，2024年至今，已有80多家科技公司宣布了裁员计划，总计影响到超过2万名员工。 本周早些时候，eBay(EBAY.US)宣布裁员1000人，约占其现有员工总数的9%;微软(MSFT.US)表示将裁掉动视暴雪和Xbox部门的1900名员工。 去年，赛富时已经削减了员工人数，裁员10%，并关闭了一些办公室，因为疫情期间的大量招聘使其员工队伍臃肿。 裁员帮助了赛富时盈利，该公司第二和第三季度营收均有所增长，并上调了年度利润预期。 赛富时曾在去年9月份表示，在去年1月裁员后，将招聘3000多名员工，以提高利润率。但在今年1月初，赛富时及其办公软件子公司Slack再次暂停在技术和产品 ...

The latest trading session saw Salesforce.com (CRM) ending at $276.88, denoting a +0.04% adjustment from its last day's close. This change lagged the S&P 500's 0.08% gain on the day. Meanwhile, the Dow lost 0.26%, and the Nasdaq, a tech-heavy index, added 0.36%.The customer-management software developer's stock has climbed by 3.96% in the past month, falling short of the Computer and Technology sector's gain of 4.29% and outpacing the S&P 500's gain of 2.4%.Market participants will be closely following the ...

Software-as-a-service companies are known for their explosive revenue growth. Given the ongoing migration from on-premise to the cloud, these revenue trends are sustainable. Below are some of the best SaaS stocks to buy and hold.According to Orlando Bravo, one of the most successful technology investors, software is the best business in the world. The industry has higher growth rates, recurring revenues and best-in-class gross margins. Considering the success of Thoma Bravo, it is worth paying closer attent ...