Salesforce Com Inc Stock Price, News & Analysis

Rimini Street (Nasdaq: RMNI) has released a new report from Valoir Research titled “Maximizing SAP Value with Rimini Street,” highlighting the benefits of third-party SAP support. This 2022 report updates ERP implementation plans and shows how Rimini Street allows SAP customers to maintain existing ERP investments while considering S/4HANA migration. The report identifies four types of SAP customers and emphasizes the potential cost savings, including a 50% reduction in application support fees. A webcast discussing the report findings is scheduled for September 1, 2022.

Rimini Street (NASDAQ: RMNI) has gained a significant new client, Racing and Wagering Western Australia (RWWA), which switched from Oracle to Rimini Street for enhanced support and security in its database management. This transition aligns with RWWA's strategy to reduce reliance on Oracle and adopt open-source solutions. The move aims to lower operating expenses and improve security.

RWWA benefits from Rimini's rapid response times, advanced database security, and a dedicated support engineer, enhancing their service during peak business periods.

Salesforce (NYSE: CRM) announced that MuleSoft has been named a Leader in Forrester's Q3 2022 API Management Solutions report. MuleSoft received top scores for API User Engagement, Product Vision, and Market Approach. The report highlights MuleSoft's strong developer experience and effective tools for connecting API consumers. However, it also notes that 88% of organizations face integration challenges that hinder digital transformation. The ability to integrate data seamlessly is crucial for accelerating digital initiatives, according to MuleSoft’s Chief Product Officer.

Salesforce (NYSE: CRM) announced equity awards for 13 new employees from Troops.ai, granted under its 2014 Inducement Equity Incentive Plan. A total of 33,788 restricted stock units (RSUs) will vest over four years, starting with 25% vesting on the first anniversary. This initiative aims to integrate the acquired talent into Salesforce’s operations, further enhancing its capabilities in customer relationship management.

Salesforce (NYSE: CRM) is set to host its annual Investor Day on September 21 at 1:00 PM PT / 4:00 PM ET. The event will be broadcast live on Salesforce's investor relations website, with a replay available afterwards. An accompanying investor presentation will also be accessible on their site. This event underscores Salesforce's commitment to transparency with investors as it continues to lead in CRM solutions, enabling companies to enhance customer engagement.

Box, Inc. reported preliminary Q2 FY23 results with revenue of $246 million, reflecting a 15% year-over-year growth. Despite foreign exchange headwinds impacting growth by 3 percentage points, the company maintained FY23 revenue guidance. Non-GAAP EPS increased to $0.28, up from $0.21 YOY, while GAAP EPS showed improvement with a loss of $0.02 per share compared to a loss of $0.08 last year. The Net Retention Rate rose to 112%. For Q3 FY23, revenue is projected between $250-$252 million, with GAAP EPS guidance of $0.01 to $0.02, including FX impacts.

Salesforce (NYSE: CRM) reported its second-quarter fiscal 2023 results, with revenue hitting $7.72 billion, a 22% increase year-over-year (Y/Y) and 26% in constant currency. GAAP EPS stood at $0.07, while non-GAAP EPS was $1.19. The company provided a third-quarter revenue guidance of $7.82 billion to $7.83 billion, representing a ~14% Y/Y growth. Full-year FY23 revenue is projected between $30.9 billion and $31.0 billion, up ~17% Y/Y. Salesforce also announced a $10 billion share repurchase program, highlighting its commitment to shareholder value.

Rimini Street (NASDAQ: RMNI) announced that the University of Technology Sydney has transitioned from Oracle to Rimini Street for enhanced support and security of its technology platforms. This shift has led to reduced support wait times, lower costs, and improved service delivery amidst ongoing IT labor shortages and a need for hybrid learning solutions. Rimini Street's expert support model offers fast response times and helps UTS refocus resources on innovation and security enhancements, optimizing their IT operations at a critical time.