Salesforce Com Inc Stock Price, News & Analysis

Salesforce (NYSE: CRM) announced it will change its legal name from salesforce.com, inc. to Salesforce, Inc. effective April 4, 2022. This name change will not affect the trading of Salesforce common stock, which will continue to be listed as CRM on the NYSE under the same CUSIP/ISIN number. The company emphasizes its leadership in CRM solutions that enable businesses to create a comprehensive view of their customers globally. For more details, visit www.salesforce.com.

Theta Lake, a leader in unified communication security and compliance, announced a $50 million Series B funding round led by Battery Ventures with participation from notable investors including Zoom, Salesforce Ventures, and RingCentral Ventures. This funding increases its total raised to over $70 million. The investment aims to enhance Theta Lake's technology as organizations transition to remote work, addressing compliance and security challenges. The company is recognized in the 2022 Gartner Magic Quadrant for Enterprise Information Archiving.

Tableau's new Forrester research shows significant business benefits from data literacy investments, but organizations are not adequately training employees. Despite 82% of decision-makers expecting basic data skills across all departments, only 39% of companies offer data training. The study highlights that nearly 80% of employees would stay at a company that invests in data training. Furthermore, businesses could see a 96-fold return on data investments, emphasizing data literacy's importance in achieving competitive advantage and improving employee retention.

Salesforce (NYSE: CRM) announced that Amy Weaver, President & CFO, will speak at the Morgan Stanley Technology, Media & Telecom Conference on Tuesday, March 8, 2022, at 5:25 p.m. PT / 8:25 p.m. ET. A live webcast of the discussion will be available on Salesforce’s investor relations website at www.salesforce.com/investor. Salesforce, the global leader in CRM, helps companies digitally transform and gain a comprehensive view of their customers.

Salesforce (NYSE: CRM) announced its Q4 and FY22 results, with Q4 revenue reaching $7.33 billion, a 26% year-over-year increase. FY22 revenue totaled $26.49 billion, up 25% year-over-year. The company raised its FY23 revenue guidance to $32.1 billion and first quarter guidance to $7.38 billion. GAAP operating margins are expected to be around 3.6% for FY23. The current remaining performance obligation is approximately $22.0 billion, up 22% year-over-year. Operating cash flow for FY22 was $6.0 billion, a 25% increase from FY21.

Salesforce (NYSE: CRM) announced that Lori Castillo Martinez, EVP & Chief Equality Officer, will participate in a fireside chat at the RBC Capital Markets Global ESG Conference on Wednesday, Feb. 23, 2022, at 11:30 a.m. PT / 2:30 p.m. ET. The event will be webcast live on Salesforce’s investor relations website, allowing stakeholders to tune in for insights into the company’s commitment to equality and ESG initiatives.

Salesforce is the global leader in CRM, empowering businesses to digitally transform and enhance customer relationships.

MuleSoft's 2022 Connectivity Benchmark Report reveals that 70% of organizations struggle to deliver fully connected user experiences. With 72% of customer interactions now digital, businesses risk losing an average of $7 million if they fail to complete digital transformation initiatives. The report highlights that over half of organizations (55%) find it difficult to create integrated user experiences, and 90% cite data silos as a significant barrier. Despite challenges, 98% of organizations use APIs, with 40% reporting revenue growth attributed to API utilization.

MuleSoft has partnered with Holiday Inn Club Vacations to create a unified vacation booking system, enhancing member experiences. This integration addresses previous challenges by connecting disparate systems, enabling seamless communication, and simplifying vacation ownership purchases. Members can now easily manage bookings and receive timely notifications upon arrival at properties. The initiative aims to streamline customer support and improve operational efficiency, ensuring a stress-free planning process for families. Future innovations, including timeshare refinancing services, are also planned.

Salesforce (NYSE: CRM) will announce its fourth quarter and full fiscal year 2022 results on March 1, 2022, after market close. A conference call is scheduled for 2:00 p.m. PT / 5:00 p.m. ET to discuss the results with investors. Interested parties can access a live webcast and replay on the Salesforce Investor Relations website. As the global leader in CRM, Salesforce enables companies to digitally transform and build a comprehensive view of their customers.