Salesforce Com Inc Stock Price, News & Analysis

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.

Salesforce (NYSE: CRM) launched Health Cloud 2.0 on Sept. 21, 2021, to enhance health and safety in workplaces and communities. The platform includes the new Dreampass, enabling efficient COVID-19 protocols for in-person events. Key features include attendee management, vaccine verification, and contact tracing capabilities. Health Cloud 2.0 aims to support hybrid healthcare experiences and improve business productivity. Salesforce played a significant role during the pandemic, supplying PPE and facilitating vaccine distribution. The initiative focuses on empowering connected health experiences across various sectors.

Salesforce (NYSE: CRM) announced new capabilities that integrate Slack across its products, enhancing collaboration and supporting remote work. Key innovations include Slack-First Sales for faster deal closures, Slack-First Service for efficient case resolution, and various tools aimed at different sectors like finance and education. These updates are designed to help organizations build their digital HQ, responding to the shift towards a hybrid work model. The integration is aimed at streamlining workflows and fostering a digital-first work environment.

Salesforce (NYSE: CRM) has announced achieving Net Zero emissions across its entire value chain and transitioning to 100% renewable energy for its operations. The company introduced Sustainability Cloud 2.0, which aims to assist customers in tracking and reducing carbon emissions. Salesforce's commitment includes significant emissions reduction strategies across various operational scopes. The company emphasizes the urgency of climate action, with initiatives geared towards a 1.5°C future and plans to mobilize collective efforts for substantial carbon reduction.

On Sept. 20, 2021, Salesforce (NYSE: CRM) announced $17.25 million in new grants to support five major school districts in the U.S., including San Francisco, Chicago, and New York City. This initiative is part of its ongoing commitment to education, bringing total investments to over $140 million. The grants aim to address educational inequities exacerbated by the COVID-19 pandemic, focusing on racial equity and learning loss. The company's contributions to Bay Area schools have reached $100 million to date.

On September 20, 2021, Salesforce (NYSE: CRM) released a study from IDC highlighting its projected impact on the global economy by 2026. The report indicates that Salesforce will generate 9.3 million new jobs and $1.6 trillion in business revenues, contributing significantly to its partner ecosystem, which is expected to earn $6.19 for every $1 Salesforce generates. As companies focus on digital transformation, cloud technologies are projected to account for 37% of IT spending by 2026, enhancing remote work and sustainability initiatives.