Welcome to our dedicated page for Salesforce Com news (Ticker: CRM), a resource for investors and traders seeking the latest updates and insights on Salesforce Com stock.
Salesforce, Inc. reports developments across its enterprise cloud and customer relationship management software business, including AI-enabled products branded around Agentforce, Data 360, Slack and its unified platform for apps, data and customer workflows. Company updates frequently cover customer deployments, expanded cloud integrations, product architecture changes and reporting categories such as Agentforce Apps and Data 360, Platform & Other.
Salesforce news also includes earnings release timing and financial results, capital actions such as share repurchases, equity award grants tied to acquired employees, and partnerships that connect its AI agents and workflow tools with other enterprise technology platforms.
Salesforce reported robust fiscal fourth quarter and full year results for 2021, ending January 31, with a 20% year-over-year revenue increase, totaling $5.82 billion for the quarter. Full year revenue reached $21.25 billion, up 24%. Subscription revenues rose by 25% to $19.98 billion. The company recorded a GAAP diluted EPS of $0.28 for Q4 and $4.38 for the year. Cash from operations increased by 33% to $2.17 billion in Q4. Salesforce provided optimistic guidance for Q1 FY22, forecasting revenue between $5.875 billion and $5.885 billion, and a full-year revenue estimate of $25.65 billion to $25.75 billion.
Salesforce (NYSE: CRM) has partnered with Coca-Cola bottlers in North America to enhance their contact center and field service operations using the Salesforce Consumer Goods Cloud. This collaboration aims to provide a comprehensive 360-degree view of customer interactions and streamline operations across territories. The transition will support over 1,100 contact center associates, enabling a unified approach to customer service and performance metrics. This marks the beginning of a multi-year agreement to transform customer engagement and operational efficiency for bottlers.
Salesforce.com (NYSE: CRM) reported the successful completion of a consent solicitation for proposed amendments to the indenture governing Slack Technologies, Inc.'s $862.5 million in 0.50% Convertible Senior Notes due 2025. The necessary consents were received by the expiration date of February 10, 2021, enabling the execution of a supplemental indenture. The amendments will take effect once the first merger, part of a broader acquisition deal, closes and the consent fee is paid. A cash payment of $9.00 per $1,000 principal amount of Slack Notes is scheduled for disbursement upon the merger’s completion.
Salesforce (NYSE: CRM) has been chosen by Ferguson, the largest U.S. plumbing and HVAC distributor, to support its digital transformation using the Salesforce Customer 360 Platform. This initiative aims to provide a comprehensive view of customer interactions across channels, enhancing service personalization. Ferguson plans to utilize various Salesforce solutions, including Sales Cloud and Tableau CRM, to improve buying experiences and generate intelligent insights for better project management. With over $18.9 billion in sales, Ferguson continues to prioritize customer relationships in its digital strategy.
Salesforce (NYSE: CRM) has been selected by Ferguson, the largest U.S. distributor of plumbing supplies, to drive its digital transformation. Ferguson plans to utilize the Salesforce Customer 360 Platform to enhance customer engagement and streamline operations across its channels, facilitating personalized experiences for both commercial and residential customers. This collaboration aims to provide a unified view of customer interactions, improve the purchasing process, and deliver intelligent insights through Salesforce’s various cloud solutions.
Salesforce.com (NYSE: CRM) announced the extension of the expiration of its consent solicitation for Slack Technologies' $862.5 million 0.50% Convertible Senior Notes due 2025. The new expiration date is set for February 10, 2021, at 5:00 p.m. NYC time. The company will pay a consent fee of $9.00 for each $1,000 principal in Slack Notes for valid consents delivered before the new expiration date. This extension does not affect the ongoing merger agreement between Salesforce and Slack, which remains on schedule.
Salesforce (NYSE: CRM) will release its fourth quarter and full fiscal year 2021 results on February 25, 2021, after market close. A conference call is scheduled for 2:00 p.m. PT / 5:00 p.m. ET, providing an opportunity for in-depth financial discussion with investors. The event will be accessible via live webcast and replay on the Salesforce Investor Relations website.
Salesforce (NYSE:CRM) announced an extension of the expiration date for its consent solicitation regarding Slack Technologies' $862.5 million Convertible Senior Notes due 2025. The new expiration date is now 5:00 p.m. New York City time on February 5, 2021. Holders of the notes who have previously consented do not need to take further action. The consent solicitation is part of the ongoing merger process between Salesforce and Slack, as per the merger agreement executed on December 1, 2020. Further details are available in the consent solicitation statement.
Jack Henry & Associates (NASDAQ: JKHY) has announced an expanded partnership with Salesforce (NYSE: CRM) aimed at enhancing customer experiences for financial institutions. By deploying Salesforce solutions such as Sales Cloud and Tableau CRM, Jack Henry will streamline its customer relationship management, improving onboarding and support processes. The implementation is expected to be completed by May 2022. This collaboration aims to provide better service to banks and credit unions, especially in light of evolving customer needs exacerbated by the COVID-19 pandemic.
Salesforce, NYSE: CRM, has launched Vaccine Cloud, a technology designed to assist various organizations in managing their vaccine deployment more efficiently. This platform is aimed at government agencies, healthcare providers, nonprofits, and businesses, offering features like inventory management and data tracking. With international partnerships already established, Vaccine Cloud ensures streamlined vaccine administration. As the world ramps up COVID-19 vaccination efforts, this initiative addresses critical logistical challenges while enabling effective data-driven decision-making.