Salesforce Com Inc Stock Price, News & Analysis

Salesforce (NYSE: CRM) has announced its annual stockholders meeting scheduled for June 9, 2022, at 8:00 a.m. PT. The meeting will be conducted virtually via audio webcast, accessible to stockholders who have received a 16-digit control number in their proxy materials. Non-stockholders can attend as guests. Stockholders are encouraged to review the proxy statement for detailed information regarding participation.

For additional insights on Salesforce's performance and offerings, visit www.salesforce.com/investor.

Salesforce (NYSE: CRM) will release its first quarter fiscal year 2023 results on May 31, 2022, after market close. A conference call will follow at 2:00 p.m. PT / 5:00 p.m. ET to discuss the financial results. Investors and analysts can access a live webcast and replay on the Salesforce Investor Relations website. As the global leader in CRM, Salesforce supports companies of all sizes in their digital transformation efforts.

Rimini Street, Inc. (NASDAQ: RMNI) will present at the 17th Annual Needham Technology & Media Conference on May 19, 2022, at 2:15 p.m. Eastern Time. The presentation will feature Michael L. Perica, CFO, and Dean Pohl, VP of Investor Relations. Participants can access the live webcast at this link, and it will be archived for 90 days. Rimini Street representatives will also hold one-on-one meetings during the conference. For details, contact the Investor Relations team.

Rimini Street (Nasdaq: RMNI) announced its inaugural RMNI LOVE™ Grant Program recipients, awarding $10,000 each to five nonprofit organizations in Las Vegas. The selected organizations include Baby’s Bounty, Cure 4 The Kids Foundation, Nevada Partnership for Homeless Youth, Three Square Food Bank, and True Beginnings. The initiative aims to support local charities that create significant community impacts, reflecting Rimini's commitment to contributing positively to the communities it serves.

Rimini Street reported Q1 2022 revenue of $97.9 million, a rise of 11.4% year-over-year, with a gross margin of 62.0%. Operating income rose to $5.9 million, and net income reached $3.1 million, compared to a loss of $3.6 million last year. The Revenue Retention Rate improved to 94%, and active clients increased by 13.1% year-over-year to 2,884. The company raised its revenue guidance for the full year to $402-$411 million.

Upstart (NASDAQ: UPST) has launched Upstart AI Lending for Salesforce on Salesforce AppExchange, enabling financial institutions to modernize their lending processes. This integration allows banks and credit unions to enhance customer experience by providing an AI-driven digital lending system accessible across multiple channels. By using Upstart's platform, these institutions can achieve higher approval rates and lower loss rates while streamlining the lending application process. This offering aims to improve financial services by delivering personalized and efficient loan access to customers.

UiPath (NYSE: PATH) has announced the launch of the MuleSoft Certified Connector for its platform, aimed at facilitating seamless integration for businesses. This connector enables users to automate workflows and manage various integration approaches effectively. By joining the MuleSoft Technology Partner Program, UiPath enhances its service offerings, allowing companies to automate processes triggered by specific events, such as updates in CRM systems. This strategic partnership emphasizes UiPath's commitment to the Salesforce ecosystem, aimed at improving operational efficiency.

Salesforce [NYSE: CRM] has been recognized as the #1 CRM provider globally by the International Data Corporation (IDC) for the ninth consecutive year. This accolade follows a period of accelerated growth in the CRM sector, where Salesforce increased its market share and revenue. The company leads in various segments, including sales, customer service, and marketing applications. Additionally, it dominates the CRM market in regions such as Asia-Pacific, Latin America, North America, and Western Europe.

Rimini Street (Nasdaq: RMNI) has secured a contract with SK Networks to provide third-party maintenance services for its Oracle DBMS. This partnership enables SK Networks to reinvest savings from annual maintenance into digital transformation initiatives. The agreement includes a primary support engineer with over 20 years of experience, ensuring rapid response times of 10 minutes for critical issues. Rimini Street aims to enhance client IT system performance while reducing costs and providing expert support.