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. reports developments across its enterprise cloud and customer relationship management software business, including AI-enabled products branded around Agentforce, Data 360, Slack and its unified platform for apps, data and customer workflows. Company updates frequently cover customer deployments, expanded cloud integrations, product architecture changes and reporting categories such as Agentforce Apps and Data 360, Platform & Other.
Salesforce news also includes earnings release timing and financial results, capital actions such as share repurchases, equity award grants tied to acquired employees, and partnerships that connect its AI agents and workflow tools with other enterprise technology platforms.
Salesforce (CRM) reported strong financial results for Q3 FY23, achieving $7.84 billion in revenue, a 14% year-over-year increase (or 19% in constant currency). The GAAP earnings per share (EPS) stood at $0.21, while non-GAAP EPS reached $1.40. The company's remaining performance obligation was $20.9 billion, marking an 11% increase year-over-year. For Q4 FY23, Salesforce projects revenue between $7.932 billion and $8.032 billion, indicating an 8% to 10% growth. The firm also returned $1.7 billion to shareholders through share repurchases in the quarter.
Salesforce reported record-breaking Cyber Week 2022 online sales, with global totals reaching $281 billion, up 2% year-over-year, and $68 billion in the U.S., marking a 9% increase. Noteworthy insights include a significant rise in digital traffic from social media, which accounted for nearly 10% of online sales. Average discount rates surged to 27% globally, while Buy Online and Pick Up In Store (BOPIS) options boosted online revenue by 38% for participating retailers. The use of Buy Now Pay Later (BNPL) also rose by 5% amidst inflationary pressures.
Summary not available.
Salesforce (NYSE: CRM) will release its Q3 fiscal year 2023 results on November 30, 2022, after the market closes. Alongside the results, the company will host a conference call at 2:00 p.m. (PT) to discuss its financial performance, accessible via a live webcast on their Investor Relations website. This event marks an important moment for Salesforce as it continues to empower companies through its industry-leading CRM solutions.
Salesforce (NYSE: CRM) revealed significant benefits for companies using its CRM platform in a recent survey of over 3,500 customers. On average, organizations reported a 25% reduction in IT costs and a 26% increase in employee productivity. Despite challenging economic conditions, 83% of CEOs are confident in their companies' resilience. Salesforce aims to streamline operations with its Customer 360 platform, offering bundles to reduce costs and enhance productivity until the end of 2022. Noteworthy savings include $2.7 million saved by Schneider Electric and $875,000 by Elekta.
Salesforce (NYSE: CRM) has been recognized as a leader in the 2022 Gartner Magic Quadrant for B2B Marketing Automation Platforms, marking its fifth consecutive year in this position. The evaluation highlighted Salesforce Marketing Cloud Account Engagement for its comprehensive vision and ability to assist businesses in driving customer engagement through tailored marketing strategies. The platform helps optimize the customer journey, enhancing collaboration across marketing, sales, and service departments, especially crucial in the current economic climate.
Summary not available.
Salesforce (NYSE: CRM) has appointed Robin Washington as the new Lead Independent Director, effective September 15, 2022. Washington has been a Director since 2013 and has extensive financial expertise gained from roles in technology and healthcare. She succeeds Sanford Robertson, who will remain a Director and Chair of the Nominating and Corporate Governance Committee. Washington's leadership is expected to enhance Salesforce’s strategic direction as the company aims for continued growth, having scaled from $4 billion to over $26 billion in revenue.
Zywave has announced a strategic partnership with Salesforce aimed at transforming insurance agency workflows during the InsureTech Connect Vegas 2022 event. This collaboration focuses on integrating data-driven solutions to enhance client service and streamline sales processes, ultimately aiming to improve client experiences. The combined offering, Zywave for Salesforce, is set to deliver real-time connectivity for insurance quoting and policy management, benefiting mutual clients. The initiative is expected to foster growth in the insurance sector, with a demonstration scheduled at Dreamforce on September 22, 2022.
Hill+Knowlton Strategies (H+K) has announced two strategic moves: acquiring JeffreyGroup, a leading communications firm in Latin America, and launching the global Ideal brand focused on technology companies. This acquisition positions H+K as a dominant player in Latin America, doubling its footprint in the region. JeffreyGroup, with nearly three decades of experience, will enhance H+K's capabilities while continuing to operate under its brand. The Ideal brand will cater to the growing demand for strategic communications in disruptive technology, making H+K a preferred partner for tech clients.