Key PointsSalesforce.com is supported by AI and deepening penetration of services, compounded by higher subscription prices. Workday is the premier vendor for back-office applications using AI to enhance workflows.Zscaler will scale with the cloud and AI as more businesses lean into digitization and cybersecurity threats increase. 5 stocks we like better than ZscalerSanta Claus rally or not, the analysts are upping their targets on some high-quality tech names that stand to rally strongly in 2024. Salesforc ...

Salesforce Inc (NYSE: CRM) has about doubled in 2023 but a Morgan Stanley analyst is convinced that it’s not out of juice just yet.Salesforce stock should be worth $350Copy link to sectionKeith Weiss upgraded the software firm this morning to “overweight” and raised his price target to $350 which suggests a 35% upside on its previous close. The analyst is bullish on Salesforce stock because it currently trades at a discount versus other large-cap software names on a growth-adjusted earnings basis. His resea ...

Cloud banking firm nCino has expanded its 12-year-old collaboration with Salesforce.“Our strategic partnership with Salesforce has enabled nCino to transform the financial services industry by providing industry-specific solutions that drive efficiencies, deliver intelligence, and help institutions modernize for a more agile future,” nCino Chairman and CEO Pierre Naudé said in a Thursday (Dec. 21) press release. “We’re glad to again be expanding our work with Salesforce and are committed to utilizing each o ...

Financial Data and Key Metrics Changes - Revenue for Q3 was $8.7 billion, representing an 11% year-over-year increase, with a non-GAAP operating margin of 31.2%, up 850 basis points year-over-year [16][37] - Operating cash flow was $1.5 billion, up 389% year-over-year, and free cash flow was $1.4 billion, up 1,088% year-over-year [18][37] - Remaining performance obligations (RPO) ended at $48.3 billion, a 21% year-over-year increase [38] Business Line Data and Key Metrics Changes - The average size of deals greater than $1 million increased by 80% year-over-year, with nine of the top ten deals including six or more clouds [9][17] - Add-on products like sales performance management and digital service grew ARR nearly 40% [28] - Data Cloud ingested 6.4 trillion records, a 140% year-over-year increase, and triggered 1.4 trillion activations, a 220% increase year-over-year [13] Market Data and Key Metrics Changes - Revenue growth in the Americas was 9%, EMEA grew 14% (10% in constant currency), and APAC grew 18% (21% in constant currency) [36] - Strong new business growth was noted in India, Brazil, and Japan, while parts of EMEA faced constraints [36] Company Strategy and Development Direction - The company is focused on being the number one AI CRM and driving transformation through operational excellence and profitability [8][12] - There is a strong emphasis on multi-cloud deals, with significant growth in larger transactions and new product offerings like Data Cloud and Einstein GPT Copilots [9][11] - The company is expanding partnerships, particularly with AWS, to enhance integration and delivery of AI solutions [29] Management's Comments on Operating Environment and Future Outlook - Management expressed excitement about the current quarter's performance and the transformation achieved over the past year, emphasizing the importance of data in customer AI transformations [5][45] - There is cautious optimism regarding the market environment, with indications of increased customer interest and productivity enhancements driven by AI [70] Other Important Information - The company returned $1.9 billion in share repurchases during Q3, exceeding the initial authorization of $10 billion [38] - The company is committed to offsetting stock-based compensation dilution through share repurchases, expecting a decrease in the full year's ending share count year-over-year [41] Q&A Session All Questions and Answers Question: Regarding MuleSoft growth and its implications for Data Cloud - Management indicated that MuleSoft's growth reflects a broader trend of customers focusing on data integration for AI transformations, with MuleSoft being central to this strategy [44][46] Question: On sales productivity and future expectations - Management highlighted a 30% increase in sales productivity, attributing it to improved enablement and understanding of customer buying processes, with ongoing efforts to maintain this momentum [49][51] Question: About the adoption of Einstein GPT Copilot among Fortune 500 companies - Management noted that while adoption is early, there is significant interest in AI, with customers needing to clean and harmonize their data before fully leveraging AI technologies [53][58] Question: Insights on the current market environment and customer spending - Management acknowledged a cautious but optimistic view of the market, noting that customers are increasingly focused on productivity and automation, with signs of renewed interest in spending [60][66] Question: Clarification on the larger deals and market environment - Management recognized the growth in larger deals but maintained a cautious stance regarding the overall market environment, noting that many customers remain measured in their buying behavior [70][71]

Financial Update Q3 FY24 NYSE: CRM @Salesforce_ir Safe Harbor "Safe harbor" statement under the Private Securities Litigation Reform Act of 1995: This presentation contains forward-looking statements about the Company's financial and operating results and guidance, which include, but are not limited to, expected GAAP and non-GAAP financial and other operating and non-operating results, including revenue, net income, earnings per share, operating cash flow growth, operating margin, expected revenue growth, e ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended October 31, 2023 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to . Commission File Number: 001-32224 Salesforce, Inc. (Exact name of Registrant as specified in its charter) Delaware 94-3320693 (State or other jurisdict ...

Salesforce, Inc. (NYSE:CRM) Q2 2023 Earnings Conference Call August 30, 2023 5:00 PM ET Company Participants Mike Spencer - Executive Vice President, Investor Relations Marc Benioff - Chairman and Chief Executive Officer Sabastian Niles - President and Chief Legal Officer Brian Millham - President and Chief Operating Officer Amy Weaver - President and Chief Finance Officer Ariel Kelman - President and Chief Marketing Officer Kendall Collins - Chief Business Officer and Chief of Staff to Marc Benioff Confere ...

Salesforce, Inc. (NYSE:CRM) Q2 2023 Earnings Conference Call August 30, 2023 5:00 PM ET Company Participants Mike Spencer - Executive Vice President, Investor Relations Marc Benioff - Chairman and Chief Executive Officer Sabastian Niles - President and Chief Legal Officer Brian Millham - President and Chief Operating Officer Amy Weaver - President and Chief Finance Officer Ariel Kelman - President and Chief Marketing Officer Kendall Collins - Chief Business Officer and Chief of Staff to Marc Benioff Confere ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended July 31, 2023 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to . Commission File Number: 001-32224 Salesforce, Inc. (Exact name of Registrant as specified in its charter) Delaware 94-3320693 (State or other jurisdiction ...

Salesforce, Inc. (NYSE:CRM) Bank of America 2023 Global Technology Conference Call June 7, 2023 6:20 PM ET Company Participants Bill Patterson - Executive Vice President and General Manager of C360 Applications Conference Call Participants Bradley Sills - Bank of America Merrill Lynch Bradley Sills Thanks so much for joining us here. Delighted to be welcoming Salesforce to the Conference. Very fortunate to have Bill Patterson here, Executive Vice President and GM of Customer 360 Applications. Bill, thanks f ...