Salesforce Com Inc Stock Price, News & Analysis

Cvent has launched the Cvent App Marketplace during its annual conference, Cvent CONNECT, to streamline technology integration for event professionals. The new platform aims to enhance event execution by providing a centralized hub for discovering SaaS solutions that integrate with the Cvent platform. Key partners include Salesforce, Uber for Business, and Google Analytics. This initiative is designed to improve the efficiency of event management by allowing seamless data flow across various applications, thereby delivering a unified operating experience.

Revolent Group has partnered with nCino to address the rising demand for skilled professionals in the cloud banking sector. This collaboration aims to develop a new generation of nCino-certified specialists through targeted training programs. By the end of 2022, they plan to place around 200 new professionals globally. The partnership focuses on closing the tech skills gap in financial institutions, ensuring they have the necessary talent to meet digital demands. This initiative includes investing in dedicated training and expanding certification offerings.

Rimini Street, Inc. (NASDAQ: RMNI) has partnered with France-based Labeyrie Fine Foods to enhance its Oracle JD Edwards and Database support. This collaboration aims to improve cost efficiencies, allowing Labeyrie to accelerate cloud migration. Labeyrie reported significant operational value and savings, as Rimini's services are offered at half the previous cost. The partnership aligns with Rimini's goal to reach $1B in annual revenue by 2026, demonstrating its commitment to helping clients effectively navigate digital transformation and competitive challenges.

Salesforce (NYSE: CRM) announces a partnership with Bose to enhance its direct-to-consumer business using Salesforce Customer 360. Bose will implement Service, Marketing, and Commerce Clouds, along with MuleSoft technologies, to provide personalized customer experiences. This integration aims to improve customer interactions across channels and elevate service quality, ultimately driving revenue growth. Jim Mollica, CMO of Bose, emphasizes the importance of customer experience in this transformation, while Salesforce’s Lidiane Jones notes the potential for exceptional service delivery.

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.