Salesforce has acquired Own Company, a provider of data management and protection solutions, for $1.9 billion in cash. In a press release, Salesforce GM Steve Fisher said that Own “underscores [Salesforce’s] commitment to providing secure, end-to-end solutions that protect our customers’ most valuable data.” “Data security has never been more critical, and Own’s proven expertise and products will enhance our ability to offer robust data protection and management solutions to our customers,” he continued.En ...

Middletown, Connecticut, USA, Sept. 05, 2024 (GLOBE NEWSWIRE) -- (Middletown, Conn. September 5, 2024) – Liberty Bank, headquartered in Middletown, Connecticut, announced today that it is expanding its relationship and investment with Salesforce, the #1 AI CRM, to help enable Liberty Bank to better connect with customers. Liberty Bank will be using products including Financial Services Cloud, Marketing Cloud, MuleSoft and Salesforce Shield to fuel its ability to deliver personalized, enhanced and efficient ...

Salesforce CRM stock price is capped at a critical resistance point and may not set new highs soon. The Q2 results are great, including improved guidance, but the market must overcome headwinds. Among them are slowing growth, macroeconomic conditions, and the oh-so-tricky September trading outlook. September is a tough month for stocks, typically highlighted by volatility, if not lower prices, and there is ample risk with the FOMC and inflation in focus.  The takeaway for investors is that CRM shares will l ...

Salesforce is acquiring Tenyx, the latest sign of the company’s growing artificial intelligence ambitions.The customer relationship management company will use Tenyx’s expertise in developing AI-powered voice agents to advance its own AI solutions, according to a Tuesday (Sept. 3) press release.“Upon close of the acquisition, Tenyx will extend Salesforce’s existing autonomous agent capabilities for Agentforce Service Agent by integrating Tenyx’s innovative voice AI solutions, specifically tailored for servi ...

Despite a strong start to the year, shares of tech titan Salesforce Inc. NYSE: CRM have been having a lackluster end to the summer. They gained 150% through the start of March before falling more than 30% in June due to some dodgy earnings. Salesforce TodayCRMSalesforce$248.06 -4.84 (-1.91%) 52-Week Range$193.68▼$318.71Dividend Yield0.65%P/E Ratio44.62Price Target$304.41Add to WatchlistSince then, they’ve been working hard to reclaim their reputation as one of the hottest software stocks to own. As of Tuesd ...

Which of these cloud-driven stocks is a better investment right now?Salesforce (CRM -1.91%) and MongoDB (MDB -2.61%) represent two different ways to invest in the growing cloud market. Salesforce is the world's largest provider of cloud-based customer relationship management (CRM) services, and it provides additional marketing, e-commerce, analytics, and enterprise collaboration services. MongoDB helps companies organize their unstructured data with its database services.Over the past five years, Salesforce ...

Salesforce has a lot of potential upside.While the companies building out data center infrastructure have greatly benefited from the artificial intelligence (AI) boom, one question on investors' minds is: When will this translate to growth for software companies?Salesforce (CRM -1.60%) is one such company grappling with this issue as it looks for AI to help reinvigorate growth.With the customer-relationship management (CRM) software company recently reporting its Q2 results, let's take a closer at how it is ...

Did you analyze how Salesforce.com (CRM) fared in its international operations for the quarter ending July 2024? Given the widespread global presence of this customer-management software developer, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities.In the current global economy, which is more interconnected than ever, a company's success in penetrating international markets is crucial for its financial health and growth journ ...

JHVEPhoto Shares of Salesforce (NYSE:CRM) responded positively to the company's second-quarter eamings sheet that showed both a considerable EPS and top line beat. The omater of the company executed no nits growth strategy and generaled a healthy annum of frece ans more over excellections: TIP softwart on: P.P. Onlicop nisc class masod i company's low valuation based off of earnings as well as the company's push to buy back more shares! 21.25% Salesforce Inc (CRM) Price % Change 40.00% 0.00% -20.00% Oct '23 ...

Investment Rating - Maintain BUY rating with a target price of US$336.50, reflecting a 30.9% upside from the current price of US$257.01 [4][8] Core Insights - Salesforce reported a total revenue growth of 8% YoY to US$9.33 billion in 2QFY25, aligning with consensus estimates, while non-GAAP operating income increased by 16% YoY to US$3.14 billion, exceeding consensus by 6% due to effective expense management [2][3] - cRPO growth reaccelerated to +11% YoY on a constant currency basis, driven by strong multi-cloud large deals and early renewals, easing investor concerns regarding decelerating RPO growth [2][3] - Management anticipates a sustained measured buying environment, guiding total revenue for 3QFY25E to grow by 7% YoY to US$9.31-9.36 billion, while maintaining FY25E revenue guidance of US$37.7-38.0 billion (+8-9% YoY) [2][3] Financial Performance - Revenue projections for FY25E are set at US$37.8 billion, with adjusted net profit expected to reach US$9.7 billion, translating to an adjusted EPS of US$9.94 [3][10] - Non-GAAP operating margin guidance for FY25E has been raised to 32.8%, up from the previous 32.5%, reflecting efficiency gains from disciplined expense control [2][3][7] - The number of paid Data Cloud customers grew by 130% YoY, with AI-related bookings more than doubling QoQ, indicating strong demand for Salesforce's AI offerings [2][3] Segment Performance - Revenue growth by segment in 2QFY25 showed increases of 9% in sales, 10% in service, 9% in platform & other, 6% in marketing & commerce, and 13% in integration & analytics [2][3] - Multi-cloud deals accounted for approximately 80% of new business in 2QFY25, highlighting the importance of multi-cloud adoption as a growth driver [2][3] Valuation - The target price of US$336.50 is based on a 20x FY25E EV/EBITDA, which is at a discount to the sector average of 22x, reflecting Salesforce's earnings growth entering a more mature stage [4][8][9]