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.
News about Salesforce, Inc. (NYSE: CRM) focuses on its activities as an AI-powered enterprise cloud and CRM provider, along with its role in helping organizations become what it calls Agentic Enterprises. Company announcements highlight new AI agents, platform enhancements, customer deployments, acquisitions, and capital allocation decisions that shape how Salesforce technology is used across industries.
Recent releases describe the general availability of a reimagined Slackbot as a personal agent for work inside Slack, designed to use conversational and customer context to help people find information, organize work, create content, and orchestrate workflows. Other news covers deployments of Agentforce 360 and Data 360 at institutions such as DeVry University, where AI agents support adult learners with 24/7 assistance, streamlined enrollment, and personalized guidance.
Salesforce news also details how public sector and life sciences organizations use its platforms. The U.S. Department of Transportation is reported to be expanding its use of Salesforce and Agentforce to modernize complaint management, safety inspections, interstate data sharing, and federal grantmaking. In life sciences, companies such as Novartis and AstraZeneca are described as selecting Agentforce Life Sciences to unify healthcare professional engagement and customer interactions using AI and data harmonization.
In addition, Salesforce publishes Cyber Week commerce data based on aggregated activity across digital storefronts powered by Agentforce Commerce, emphasizing the role of AI and agents in influencing sales and handling customer service interactions. Investors and observers can also find updates on dividends, acquisitions such as the completion of the Informatica transaction, and other corporate developments. This news feed provides an ongoing view into how Salesforce’s AI, data, and cloud capabilities are being adopted and expanded across sectors.
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.
Salesforce (NYSE: CRM) will release its Q2 fiscal year 2023 results on August 24, 2022, after market close. Following the announcement, the company will host a conference call at 2:00 p.m. PT / 5:00 p.m. ET to discuss its financial performance. Investors can participate in the live webcast through the Salesforce Investor Relations website.
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.