Welcome to our dedicated page for Salesforce Com news (Ticker: CRM), a resource for investors and traders seeking the latest updates and insights on Salesforce Com stock.
Salesforce, Inc. (CRM) delivers cloud-based customer relationship management solutions powering global enterprises. This page provides real-time access to official announcements, financial updates, and strategic developments shaping the CRM leader's trajectory.
Investors and professionals will find curated press releases, product launch details, and partnership announcements. Track updates across earnings reports, technology innovations, and corporate initiatives while monitoring Salesforce's evolving role in enterprise cloud ecosystems.
Content spans executive leadership updates, platform enhancements, and industry-specific deployments. All materials are sourced directly from company communications to ensure accuracy and timeliness.
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Salesforce (CRM) and Elliott Investment Management have released a joint statement regarding the upcoming 2023 Annual Meeting of Stockholders. In light of Salesforce's successful fiscal year 2023 results and its New Day profitable growth framework, Elliott has chosen not to nominate directors, emphasizing a commitment to their productive relationship. Salesforce’s management, including CEO Marc Benioff, expressed gratitude for Elliott’s collaborative input. The annual meeting will proceed as planned, requiring no action from stockholders.
Wix announces a significant change to its Board of Directors, effective March 8, 2023, aimed at enhancing its strategic direction. Gavin Patterson, formerly of Salesforce, and Francesco de Mojana, previously of Permira, will join the board, bringing extensive experience in enterprise software and operational efficiencies. These appointments aim to bolster Wix's focus on product-led growth while maintaining profitability, targeting the "Rule of 40" by 2025. Concurrently, board members Yuval Cohen and Roy Saar have resigned after years of service. This strategic refresh is expected to strengthen Wix's leadership as it navigates its next growth phase.
Salesforce (NYSE: CRM) has launched Einstein GPT, the first generative AI technology for CRM, enhancing productivity across sales, service, and marketing interactions. The integration with OpenAI provides real-time personalized content generation for Salesforce users. Additionally, Salesforce Ventures announced a $250 million Generative AI Fund to support startups in the AI space. This innovative offering promises significant improvements in customer engagement through tailored communication and automation, reflecting a strategic move towards AI-driven customer experiences.
Elliott Investment Management, a top investor in Salesforce (NYSE: CRM), has issued a statement emphasizing recent strides by the company towards rebuilding investor trust.
Key announcements include accelerated margin targets, a commitment to responsible capital return, and the establishment of a business transformation committee while disbanding the M&A committee. Elliott acknowledges Salesforce's progress but stresses the need for a sustainable leadership plan and board accountability to regain full investor confidence. Elliott plans to maintain engagement with Salesforce to ensure optimal outcomes for the company.
Salesforce (NYSE: CRM) reported its fourth quarter and full fiscal year 2023 results, highlighting a fourth quarter revenue of $8.38 billion, a 14% year-over-year increase. For the full year, revenue reached $31.4 billion, marking an 18% Y/Y rise. The GAAP operating margin was 3.3% and non-GAAP operating margin was 22.5%. The fourth quarter GAAP diluted loss per share was $(0.10), while non-GAAP diluted EPS was $1.68. Salesforce increased its share repurchase program to $20 billion and provided FY24 revenue guidance of $34.5 to $34.7 billion, anticipating growth of about 10% Y/Y.
Trax, a leading global provider of computer vision solutions, has launched a MuleSoft Certified Connector for its platform, facilitating integration with Salesforce Consumer Goods Cloud. This connector aims to enhance return on investment for consumer packaged goods (CPG) companies by enabling seamless access to real-time shelf data. By leveraging Trax's insights within Salesforce, businesses can improve retail execution and make informed decisions, as indicated by Trax's Chief Revenue Officer, David Gottlieb. The partnership is designed to support digital transformation efforts amidst rising competition in the CPG sector.
Salesforce (NYSE: CRM) will announce its fourth quarter and full fiscal year 2023 results on
Salesforce (NYSE: CRM) announced new appointments to its Board of Directors, effective March 1, 2023.
- Arnold Donald, former President and CEO of Carnival Corporation
- Sachin Mehra, CFO of Mastercard
- Mason Morfit, CEO of ValueAct Capital
This move is part of Salesforce's strategy for board refreshment aimed at enhancing leadership. Outgoing directors Sanford Robertson and Alan Hassenfeld will not seek re-election. CEO Marc Benioff welcomed the new members, highlighting their diverse expertise to foster continued growth for Salesforce, a company valued at approximately $150 billion.
Salesforce (NYSE: CRM) announced new innovations aimed at enhancing retail operations and customer engagement. By leveraging first-party data, the company's solutions help retailers like Casey's and Duluth Trading Co. create personalized shopping experiences. Notably, 65% of consumers remain loyal to brands that offer personalized services. Key offerings include Salesforce for Retail Media and enhancements to Commerce Cloud, which streamline operations and optimize advertising revenue. These innovations are positioned to drive efficiency and better meet evolving consumer expectations.
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