Salesforce.com (CRM) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this customer-management software developer have returned +2%, compared to the Zacks S&P 500 composite's +4% change. During this period, the Zacks Computer - Software industry, which Salesforce.com falls in, has lost 2%. The key question now is: What could be the stock's future di ...

Shares of customer relationship management (CRM) software company Salesforce (CRM -0.43%) are up 100% year to date in 2023, as of this writing. These returns have crushed the otherwise impressive 24% gain for the S&P 500. And the explanation for Salesforce's outperformance can be simplistic.In the earnings call for the fiscal third quarter of 2024, co-founder and CEO Marc Benioff started his commentary liberally, using words like "unbelievable," "incredible," and "exciting." And he was largely referring to ...

Key PointsSalesforce has had a great year, with further gains set to come in 2024. It’s the same with JFrog, though it’s had a softer year and is still in recovery mode. Both offer solid upside heading into January, with bullish fundamental trends emerging. 5 stocks we like better than SalesforceThere’s no doubt about it: equities have had a super strong end to the year, with the Dow Jones index already at fresh all-time highs and the others on its heels. The benchmark S&P 500 index, for example, has return ...

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 ...