Core Viewpoint - Despite the Nasdaq entering correction territory, shares of notable software companies such as Salesforce, CrowdStrike, and Figma experienced an increase in value [1] Company Performance - Salesforce shares finished the session higher, indicating resilience in the software sector amidst broader market declines [1] - CrowdStrike also saw an uptick in its stock price, reflecting positive investor sentiment towards cybersecurity solutions [1] - Figma's stock performance was similarly strong, suggesting continued interest in collaborative design tools [1]

Group 1 - The article discusses the potential for investors to position themselves in undervalued stocks that are mispriced by the market as the end of Q1 approaches [1] - Stone Fox Capital, based in Oklahoma, is led by Mark Holder, a CPA with 30 years of investing experience, including 15 years as a portfolio manager [2] - The investing group "Out Fox The Street" provides stock picks, deep research, model portfolios, daily updates, real-time alerts, and community chat for investors [2]

Core Insights - Salesforce, Inc. (CRM) has achieved significant margin expansion over the past year due to disciplined cost controls and a focus on profitable growth [1][3] - The company's operating efficiency has improved consistently, with margin expansion observed in each of the last four quarters [1] Financial Performance - In fiscal 2026, Salesforce's non-GAAP operating margin improved by 110 basis points year-over-year to 34.1% [2] - The non-GAAP operating margin expanded by 20 bps, 60 bps, 240 bps, and 110 bps in the first, second, third, and fourth quarters of fiscal 2026, respectively [2] Cost Management and Revenue Growth - Salesforce's margin expansion has been supported by disciplined cost management, including workforce optimization and reduced discretionary spending [3] - Despite a slowdown in revenue growth from double-digit to single-digit percentages over the past two fiscal years, the company's cost discipline has positively impacted margins [3] AI Product Adoption - The rapid adoption of Salesforce's AI-powered "Agentforce" and Data Cloud products has significantly contributed to high-margin recurring revenues, generating $2.9 billion in recurring revenues in Q4 of fiscal 2026, a 200% year-over-year increase [4] - Agentforce alone accounted for $800 million in recurring revenues, reflecting a 169% year-over-year surge [4] Future Outlook - Sustaining margin expansion may be challenging as Salesforce increases investments in AI and focuses on growing Agentforce and Data Cloud, which could pressure costs in the near term [5] - The company's non-GAAP operating margin guidance for fiscal 2027 indicates a modest 20 bps expansion from fiscal 2026, reaching 34.3% [5] Competitive Landscape - Microsoft Corporation (MSFT) is experiencing strong revenue and earnings growth, with Microsoft Cloud revenues increasing by 26% year-over-year to $51.5 billion in Q2 of fiscal 2026 [6] - Oracle Corporation (ORCL) has also seen robust revenue growth driven by AI workload demands, but its non-GAAP operating margin contracted by 100 bps to 43% in Q3 of fiscal 2026 due to heavy investments in cloud infrastructure and AI capabilities [7] Valuation and Estimates - Salesforce shares have declined by 34.5% over the past year, compared to a 10.4% decline in the Zacks Internet – Software industry [8] - The company trades at a forward price-to-earnings ratio of 13.63, significantly below the industry average of 26.13 [11] - The Zacks Consensus Estimate for Salesforce's fiscal 2026 and 2027 earnings implies year-over-year increases of approximately 4.8% and 11.9%, respectively, with upward revisions in estimates over the past 30 days [14]

Group 1 - Salesforce Inc. is currently viewed as a tech stock to sell, with ARK Investment Management reducing its holdings from 76,013 shares valued at $18 million in Q3 2025 to 50,942 shares worth $13.5 million in Q4 [1] - Adecco Group has signed a multi-year agreement with Salesforce to utilize Agentforce 360, enabling the rapid deployment of agentic AI across various markets [2][3] - The partnership with Adecco follows Salesforce's strategic collaboration with Nvidia, which aims to integrate AI agents into enterprise workflows through the Agentforce platform and Nvidia's Nemotron models [4] Group 2 - Salesforce offers a cloud-based Customer Relationship Management (CRM) platform that helps businesses manage sales, service, marketing, and commerce, enhancing customer experience through AI-driven insights [5]

赛富时（Salesforce，CRM）将不会向总监级及以上员工发放2026年的绩效加薪，转而增加针对顶尖表 现者的股权和奖金池，薪酬调整将在3月的评估中公布。 责任编辑：张俊 SF065 赛富时（Salesforce，CRM）将不会向总监级及以上员工发放2026年的绩效加薪，转而增加针对顶尖表 现者的股权和奖金池，薪酬调整将在3月的评估中公布。 责任编辑：张俊 SF065 ...

Core Insights - The Veterans Health Administration (VHA) has deployed a new agentic operating system powered by Salesforce to enhance incident response and improve care for Veterans across over 150 VA medical and outpatient centers [1][3]. Group 1: Deployment and Objectives - The VHA serves between 16 million and 18 million Veterans and aims to connect all stakeholders involved in care delivery, including medical teams, caregivers, and VA employees [2]. - The new system integrates various tools and resources into a single operating platform, allowing teams to adapt to changing care dynamics, share best practices, and reduce costs while maintaining care quality [2]. Group 2: Operational Improvements - By utilizing Salesforce's real-time data insights and AI capabilities within Slack, the VHA is shifting from static reporting to automated problem-solving, which enhances front-line Veteran care and reduces administrative burdens [3][4]. - The implementation of Slack as an agentic operating system allows for intelligent collaboration, where AI identifies issues and assembles relevant experts to address them efficiently [4][5]. Group 3: Strategic Benefits - The new system enables VHA leadership to concentrate on strategic decisions while AI manages routine tasks, creating a performance management layer that improves care delivery [5][8]. - The VHA has established a single access point for staff through Slack, facilitating real-time collaboration and data access without the need to navigate multiple legacy systems [5][6]. Group 4: Future Developments - The VHA is exploring pilot programs to integrate its Slack infrastructure with VA Health Connect, enhancing telehealth collaborations and streamlining patient management processes [8].

Core Insights - The enterprise software sector has experienced a significant decline, with the iShares Expanded Tech-Software Sector ETF down nearly 25% year to date [1] - Despite the downturn, there is no immediate evidence of AI disrupting the financials of these companies [1] Group 1: Salesforce's Performance - Salesforce's stock has fallen to an all-time low amid the current software market challenges, referred to as the "SaaS-pocalypse" [3] - The company's revenue grew by 12.1% and earnings per share increased by 18.3% in the last quarter, indicating solid performance despite valuation declines [3] - Concerns exist regarding the long-term impact of AI on Salesforce's business model, particularly whether AI could replace the services Salesforce currently provides [4] Group 2: Share Repurchase Strategy - Salesforce has been actively repurchasing shares, with $7.6 billion, $7.8 billion, and $12.6 billion repurchased over the past three fiscal years [5] - In response to falling share prices, Salesforce authorized a $50 billion repurchase program, utilizing $25 billion in debt to accelerate share buybacks [5] - The accelerated repurchase program resulted in the retirement of 103 million shares, reducing the total share count by 11.1% [6]

Salesforce isn't offering raises this year to employees at the director level and above, according to an internal email viewed by Business Insider. "We have decided to focus merit increases at the Senior Manager level (grade 8) and below," states the email, sent by the company's human-resources team.Instead of giving raises, the company said it is increasing stock and bonus pools for its "highest performing individuals" among upper-level employees, calling it part of an "investment in performance and long-t ...

Core Insights - Montaka Global Investments reported that while global equity markets thrived in 2025, the fund underperformed due to significant stock return dispersion within its portfolio [1] - The fund maintains a positive outlook on the market, anticipating strong long-term opportunities driven by AI adoption and investments in critical sectors [1] Company Analysis - Salesforce, Inc. (NYSE:CRM) was highlighted as a key holding, experiencing a one-month return of -4.55% and trading between $174.57 and $296.05 over the past year [2] - The market capitalization of Salesforce, Inc. is approximately $171.49 billion as of March 24, 2026 [2] Industry Trends - The letter notes that enterprise software companies like Salesforce have faced sell-offs due to concerns over AI disruption, but the company is viewed as fundamentally strong and undervalued [3] - The complexity of extracting corporate value from AI at scale may favor established players like Salesforce, which possess advantages in R&D, customer distribution, and data [3]

Core Viewpoint - Salesforce (CRM) is positioned for long-term stability and growth, with a focus on identifying attractive risk/reward opportunities that can generate alpha above the S&P 500 [1] Group 1: Investment Strategy - The investment approach combines price action analysis with fundamental analysis to identify high-potential opportunities across various sectors [1] - The strategy emphasizes avoiding overhyped and overvalued stocks while targeting beaten-down stocks with significant upside recovery potential [1] - The investment group Ultimate Growth Investing is designed for investors looking to capitalize on growth stocks with solid fundamentals and robust buying momentum [1] Group 2: Analyst Recognition - The analyst has been recognized by TipRanks as a Top Analyst and by Seeking Alpha as a "Top Analyst To Follow" in the Technology, Software, and Internet sectors, as well as for Growth and GARP [1] - The analyst's picks have consistently demonstrated market outperformance over time, indicating a successful track record in identifying profitable investment opportunities [1]