Salesforce Com Inc Stock Price, News & Analysis

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.

RingCentral, Inc. (NYSE: RNG) has partnered with Big Ass Fans to enhance employee collaboration and communication. Big Ass Fans, a leading fan manufacturer, will implement RingCentral MVP™ to streamline operations for its 650 global employees. This transition from legacy systems to a cloud-based solution aims to improve productivity and mobility while delivering cost savings. The integration with existing applications like Salesforce and Google Suite is expected to elevate operational efficiency and team productivity.

Salesforce (NYSE: CRM) has been recognized as a Leader in the 2022 Gartner Magic Quadrant for Digital Commerce for the seventh consecutive year. This accolade highlights Salesforce's strong 'Ability to Execute' and 'Completeness of Vision'. The Commerce Cloud enables businesses to create personalized shopping experiences across various channels, bolstered by AI capabilities and a comprehensive customer view. Recent enhancements include the launch of Commerce Marketplace and new B2B functionalities, positioning Salesforce as a robust platform for customer engagement.

RingCentral (NYSE: RNG) has partnered with Ryder System (NYSE: R) to enhance business communications across Ryder's nearly 800 fleet maintenance and rental locations. Utilizing RingCentral MVP™ for unified operations, Ryder has improved customer service and operational efficiency. The rollout has also led to the deployment of RingCentral Contact Center™ for Ryder Last Mile, enabling seamless support for home delivery services. This collaboration highlights efforts in digital transformation, with acknowledged benefits in employee productivity and customer satisfaction.

Sopra Steria has reported continued growth and momentum in the UK, achieving 5% growth in H1 2022 with revenue reaching £371.3m. The company is expanding its services to deliver greater societal value while transitioning away from legacy services. Key partnerships with various UK governmental organizations, including the NHS and the Ministry of Justice, highlight its commitment to improving public sector efficiency. Additionally, the company has launched Sopra Steria Financial Services for better financial inclusion amid rising living costs.