Salesforce Com Inc Stock Price, News & Analysis

Salesforce (NYSE: CRM) has partnered with Vox Media to stream the Pivot podcast on its platform, Salesforce+. This collaboration will provide weekly video segments featuring hosts Kara Swisher and Scott Galloway. Salesforce+ aims to deliver inspiring content for business professionals, with over a million viewer sessions recorded in its first month. As part of the deal, Salesforce will sponsor Pivot video throughout 2022. The podcast retains its availability on all podcast platforms while shifting to a new video format to reach a broader audience.

MuleSoft announced new universal API management capabilities on December 7, 2021, aimed at enhancing integration and automation across varied environments. Key features include Anypoint Flex Gateway, API Manager, and API Governance, enabling businesses to securely manage APIs and accelerate innovation. With over 800 applications used on average, and 96% leveraging APIs, the solution addresses complexities inherent in hybrid ecosystems. It promises improved agility, scalability, and compliance for IT teams navigating diverse technology landscapes.

Salesforce (NYSE: CRM), the global leader in CRM, announced participation in several investor conferences. On December 7, 2021, Lidiane Jones, CEO of Commerce Cloud, will speak at the BMO Growth & ESG Conference at 1:00 p.m. PT. Brian Millham, COO of Distribution, will be at the UBS Global TMT Virtual Conference at 12:00 p.m. PT. The following day, December 8, 2021, Gavin Patterson, President & CRO, will address the Barclays Global Technology Conference at 9:00 a.m. PT. Webcasts can be accessed on Salesforce's investor relations website.

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 $100M in funding, raising its valuation to $4.2B. This innovation aims to boost productivity and accelerate analytics project timelines, leveraging the evolving data landscape.