Salesforce Com Inc Stock Price, News & Analysis

Rimini Street reported a 10.5% increase in quarterly revenue, achieving $101.2 million for Q2 2022, compared to $91.6 million a year earlier. The gross margin improved to 63.1%, up from 62.2%. Despite this, quarterly billings fell 5.3% year-over-year. The company reported a record revenue retention rate of 95% on subscription revenue. Active clients rose 9.8% to 2,905. Cash flow from operations reached $15 million, with an end-of-quarter cash balance exceeding $160 million. The company maintains a revenue guidance of $402 million to $411 million for the full year.

Upland Software reported Q2 2022 revenue of $80.2 million, growing 5% year-over-year despite a 3 percentage point negative impact from foreign currency exchange (FX). Subscription revenue reached $75.0 million, up 4%, with GAAP net loss narrowing to $16.4 million or $0.52 per share. Adjusted EBITDA was $24.5 million, maintaining a 31% margin. Upland anticipates Q3 revenue between $75.7 million and $81.7 million, reflecting a 3% growth rate. The company secured a $115 million equity investment from HGGC to enhance liquidity and growth prospects.

Rimini Street (Nasdaq: RMNI) announces that Lotte Mart, a major South Korean hypermarket chain, has transitioned to its services for Oracle application maintenance support. This change was driven by Lotte Mart's need for enhanced service quality and faster response times. The partnership allows Lotte Mart to optimize resources towards strategic growth projects while benefitting from Rimini Street's responsive support, including a 10-minute response time for critical issues. Lotte Mart aims to further implement Rimini Street's services across its parent company, improving digital competitiveness and IT efficiency.

LiveWorld has appointed Rishi Kadiwar as Vice President of Strategy - Direct to Consumer and Serina Morris as Associate Creative Director, addressing increasing client demand in digital and healthcare marketing. Kadiwar, with over 10 years in the healthcare industry, specializes in customer journey mapping and data-driven modeling. Morris brings experience in creating 360-degree campaigns that emphasize creativity and inclusivity. These appointments aim to enhance engagement and ROI for clients by bridging digital and physical marketing strategies.

monday.com has launched the monday sales CRM, a customizable, no-code CRM system designed to unify customer processes. Built on its low-code platform, it aims to enhance collaboration across departments. Key features include automations, email synchronization, tracking, and performance management. The platform promises increased revenue by up to 30% post-implementation. This product is part of a series of five new solutions targeting sales, marketing, and project management teams. Available now, the CRM integrates with popular apps like Salesforce and Hubspot.

RingCentral, Inc. (NYSE: RNG) has launched new cloud capabilities aimed at reducing administrative burdens and enhancing operational efficiencies for businesses. These innovations, including enhanced integrations with Salesforce and HubSpot, allow sales teams to automate tasks and streamline workflows. Key features include SMS capabilities and advanced phone functionalities for IT management. Customers in the US and Canada can leverage these updates to improve communication and save costs.

Viant Technology Inc. (NASDAQ: DSP) has been recognized as a Leader in the G2 Grid® Report for Demand Side Platform (DSP) for Summer 2022. This accolade is based on user ratings and overall market presence. Viant's software, Adelphic, received a 95% feature rating, while 91% of users praised its quality of support. The CEO, Tim Vanderhook, expressed gratitude for user recognition, highlighting the firm's commitment to efficiency in advertising. G2 serves over 60 million users annually, ranking Adelphic among prominent software solutions.

Rimini Street, Inc. (Nasdaq: RMNI) has launched Rimini Protect™, a proactive security solution designed for Oracle and SAP environments, offering 24/7 protection. This suite addresses vulnerabilities effectively and is positioned against traditional vendor patching, which may be slow and inadequate. In 2021, there were 623 million ransomware attacks, emphasizing the need for robust security solutions. Rimini Protect enhances traditional methods by providing comprehensive security layers for application and database protection, leveraging its global expertise in cybersecurity.

Informatica reported a strong performance for Q2 2022, with total revenues rising 9% year-over-year to $372 million. The annual recurring revenue (ARR) increased 31% to $896 million, while cloud ARR surged 42% to $373 million. Subscription revenue rose 24% to $207 million. The firm aims for $1 billion in subscription ARR by year-end. Operating loss was $12.1 million, but non-GAAP operating income was $69.9 million. The company anticipates continued growth, albeit with estimated foreign exchange impacts.