Salesforce Com Inc Stock Price, News & Analysis

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.

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.

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.

On October 28, 2021, Salesforce (NYSE: CRM) announced equity awards granted to employees from its recent acquisitions of Lintao SA and Servicetrace GmbH under its 2014 Inducement Equity Incentive Plan. A total of 1,936 restricted stock units (RSUs) were awarded to 7 Lintao employees, and 15,754 RSUs to 32 Servicetrace employees. These RSUs vest over four years, incentivizing continued service. Lintao enhances Tableau's analytics capabilities, while Servicetrace boosts MuleSoft's integration and automation offerings, supporting Salesforce's mission to enhance productivity and digital experience.

On October 28, 2021, Marc and Lynne Benioff unveiled $300 million in climate investments aimed at reforestation and restoration. This includes the creation of the $100 million Benioff TIME Tree Fund and a $100 million commitment from TIME Ventures. Salesforce will provide $100 million in grants over 10 years to nonprofits focused on ecosystem restoration and climate justice. With a track record of funding climate initiatives, the Benioffs emphasize urgency in combating climate change, supporting ecopreneurs, and achieving Net Zero by 2040.

Salesforce (NYSE: CRM) and DocuSign (NASDAQ: DOCU) have expanded their strategic partnership to enhance digital agreement processes. New AI-driven solutions aim to simplify contract preparation, signing, and management while boosting productivity and collaboration. Key innovations include DocuSign eSignature for Slack, DocuSign Gen for Salesforce Billing, and DocuSign CLM for Salesforce Field Service, slated for 2022. This partnership aims to streamline workflows and improve customer experiences, driving faster revenue recognition and cost reduction for users.

Salesforce (NYSE: CRM) forecasts a 7% growth in global digital commerce for the 2021 holiday season, with total sales projected to reach $1.2 trillion globally and $259 billion in the U.S. Despite this growth, retailers are likely to face $223 billion in additional costs due to supply chain disruptions, which may push consumer prices up by 20%. The report indicates a significant reduction in shipping delays, with a 94% decrease in packages at risk. Retailers need to focus on early marketing strategies as consumers adapt to ongoing challenges from the pandemic.

Salesforce (NYSE: CRM) has revised its Fiscal Year 2022 revenue guidance to a range of $26.25 billion to $26.35 billion and has initiated Fiscal Year 2023 guidance of $31.65 billion to $31.80 billion. The company also provided GAAP operating margin guidance of 3.0% to 3.5% and non-GAAP operating margin guidance of 20.0% for FY23. Salesforce will hold its annual Investor Day on Sept. 23, 2021, featuring a live broadcast and a detailed investor presentation.