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Salesforce, Inc. (CRM) delivers cloud-based customer relationship management solutions powering global enterprises. This page provides real-time access to official announcements, financial updates, and strategic developments shaping the CRM leader's trajectory.
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Salesforce (NYSE: CRM) reported an all-time high of $275 billion in global online sales for Cyber Week 2021, representing a 2% increase from 2020, with $62 billion in U.S. sales, up 4%. Early November saw strong spending of $74 billion, marking a 10% year-over-year growth. However, the Cyber Week itself exhibited muted growth due to early shopping patterns, inflation, and supply chain issues. Additionally, Buy Now, Pay Later usage surged 29% globally, reflecting changing consumer behavior driven by higher prices and fewer discounts.
Salesforce (NYSE: CRM) has announced its upcoming participation in key investor events. On December 1, 2021, Bret Taylor, Vice Chair & Co-CEO, will speak at the Credit Suisse Annual Technology Conference in Scottsdale, AZ at 10:05 a.m. (PT). Following this, on December 2, 2021, Amy Weaver, President & CFO, will participate in the Wells Fargo Virtual Annual TMT Summit at 11:40 a.m. (PT). Both events will be webcast live on Salesforce's investor relations website at www.salesforce.com/investor.
Salesforce (NYSE: CRM) has announced the promotion of Bret Taylor to Vice Chair of the Board and Co-CEO, effective immediately. Taylor, who has been with Salesforce since 2019, thanked co-founder Marc Benioff for his mentorship. Additionally, Laura Alber and Oscar Munoz have joined the Board of Directors, effective immediately and January 1, 2022, respectively. Alber is the CEO of Williams-Sonoma, and Munoz previously led United Airlines, where he significantly improved its financial performance. This leadership change aims to drive continued growth and innovation within Salesforce.
Salesforce (CRM) reported a strong third quarter for FY22, achieving revenue of $6.86 billion, up 27% year-over-year. The company raised its full-year revenue guidance to between $26.39 billion and $26.40 billion. Operating margins improved with GAAP at 0.6% and non-GAAP at 19.8%. Remaining performance obligations rose to $18.8 billion, reflecting a 23% increase year-over-year. The company also initiated Q1 FY23 revenue guidance of $7.215 billion to $7.250 billion, projecting 21% to 22% growth year-over-year. With a strategic focus on digital transformation, Salesforce aims for $50 billion in revenue by FY26.
Salesforce (NYSE: CRM) announced the granting of equity awards under its 2014 Inducement Equity Incentive Plan to 12 new employees from LevelJump, a sales enablement solution acquired by Salesforce. A total of 14,444 restricted stock units (RSUs) were granted, with a four-year vesting period and 25% vesting after the first year. LevelJump will enhance Salesforce's Sales Cloud, improving sales process engagement and workforce upskilling. This move signals Salesforce's commitment to expanding its capabilities in sales enablement.
ThoughtSpot has launched ThoughtSpot Data Workspace, enhancing analytics for data professionals through streamlined data management and live analytics. The introduction of SpotApps allows for quick deployment of tailored analytics applications across platforms like Salesforce (CRM), ServiceNow (NOW), and Snowflake (SNOW). The company also secured
Salesforce (NYSE: CRM) will release its third quarter fiscal year 2022 results on November 30, 2021, after market close. The company will hold a conference call to discuss the results at 2:00 p.m. (PT) / 5:00 p.m. (ET). A live webcast will be available for investors on the Salesforce Investor Relations website. Salesforce aims to empower companies in their digital transformation, providing a comprehensive view of their customers.
Tableau, a leading analytics platform under Salesforce (NYSE: CRM), announced its vision for enhancing analytics at the Tableau Conference 2021. Key focuses include developing collaborative, AI-powered insights and ensuring data trust at scale. Innovations showcased include Slack-First Analytics, enabling users to query data using natural language, and AI-driven tools for predictive modeling. The event highlighted the significance of a robust data culture in business success, supported by statistics from IDC. New features like the Tableau Exchange and central row-level security are now available, enhancing user experience and data management.
Tableau has announced a commitment to train 10 million data learners over the next five years, addressing the growing need for data literacy in organizations. A Forrester study reveals that data literacy is the most sought-after skill among entry-level candidates, highlighting a significant skills gap. Tableau aims to enhance its existing educational programs, including partnerships with universities and NGOs, and will invest $5 million to support global nonprofits focused on gender equity in data skills. The initiative seeks to empower employees across various roles to utilize data effectively.
International SOS has partnered with Salesforce and AOKpass to introduce a comprehensive COVID-19 testing and vaccination solution during Web Summit 2021. This initiative integrates secure health management across multiple sites, utilizing Salesforce cloud technology and AOKpass for verification. The platform ensures compliance with GDPR and ISO standards while offering features like appointment scheduling and health status monitoring. The solution aids organizations in safeguarding workforce health, supporting business continuity and safe operational returns.
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