Alerts in the last 24 hours

No Personalised Alerts!

To see personalised alerts you need to be logged in.

Log In

Salesforce.com Inc Add to portfolio

INX:CRM, Dec 09, 08:33 UTC

Latest INX:CRM News

Filter your feed

Apply Filter

Wednesday, December 04


News

Salesforce.com Tops Forecasters on 3rd-Quarter Numbers

CRM

By segment, subscription and support revenues of $4.24 billion represented a gain of 33.8% and professional services and other revenues of $274 million represented a gain of 22.3%. "We had strong growth across our clouds and regions in the quarter as more companies turn to Salesforce as a trusted advisor in their digital transformations. With these trusted customer relationships, continuous innovation and our phenomenal Trailblazer ecosystem, we have never been better positioned for the future." The San Francisco-based cloud computing company also posted a 108.4% rise in operating cash flow to $298 million in the third quarter of fiscal 2020, up from $143 million in the third quarter of fiscal 2019. Revenue is expected to grow 32% year over year to a range of $4.743 billion to $4.753 billion versus projections of $4.72 billion. For the full year of fiscal 2020, the company targets earnings per diluted share of $2.89 to $2.90 on revenue of $16.99 billion to $17 billion, while analysts estimate earnings per diluted share of $2.86 on revenue of $16.9 billion. For the first quarter and full year of fiscal 2021, the company predicts revenue of $4.8 billion to $4.835 billion (up 28-29% from the prior-year quarter) and of $20.8 billion to $20.90 billion (up 22-23% from the prior year).

Read Full Details

Topics:
  • Business
  • Financial
News

What Investors Need to Know About Salesforce's 3rd-Quarter Earnings

CRM

The global leader in customer relationship management surpassed Wall Street's revenue expectations thanks to robust subscription revenue and support revenue growth. However, the company registered a net loss during the quarter. Salesforce posted GAAP losses of 12 cents per share in the third quarter, down from a profit of 13 cents per share reported in the prior-year quarter. Revenue during the same period came to $4.5 billion, up 33% year-over-year. "We had strong growth across our clouds and regions in the quarter as more companies turn to Salesforce as a trusted advisor in their digital transformations. With these trusted customer relationships, continuous innovation and our phenomenal Trailblazer ecosystem, we have never been better positioned for the future."

Read Full Details

Topics:
  • Business
  • Financial
News

Wall Street Is As Bullish As Ever On Salesforce

CRM

Salesforce.com, Inc. (NYSE: CRM) shares dipped 3.5% after the company reported third-quarter revenue and earnings ahead of consensus analyst expectations on Tuesday. Revenue performance obligation (RPO) growth guidance of 21% for the fourth quarter came up short of consensus expectations of 23%. Bank of America analyst Kash Rangan said Salesforce offers a rare bullish combination of organic revenue growth, margin expansion and acquisition synergies. “Valuation is a measure of risk, and since we can’t predict when investors will experience another inevitable bout of panic, it makes sense to stick to super high-quality companies at reasonable valuations – and Salesforce is at the top of that list,” Davis wrote.

Read Full Details

Topics:
  • Business
  • Financial

Tuesday, December 03


News

Salesforce Sinks on Profit That Falls Short of Estimates

CRM

(Bloomberg) -- Salesforce.com Inc. gave a profit forecast that fell short of Wall Street’s estimates, signaling that the software maker’s big-ticket acquisition of Tableau and global expansion have spurred rising costs. Earnings, excluding some items, will be 54 cents to 55 cents a share in the current quarter, short of analysts’ average estimate of 62 cents. Sales gained 33% to $4.51 billion in the period ended Oct. 31, the San Francisco-based company said Tuesday in a statement. Chief Executive Officers Marc Benioff and Keith Block have made acquisitions a key part of the customer-relations software company’s strategy to increase sales, highlighted by the purchase of Tableau Software Inc., which generated $1.15 billion in revenue last year making analytics tools.

Read Full Details

Topics:
  • Business
  • Financial
News

Salesforce Shares Tick Lower On Weak EPS Guidance

CRM

Salesforce.com, inc. (NYSE: CRM) shares are falling after issuing weak fourth-quarter guidance. Sales came in at $4.51 billion, beating estimates by $60 million. The company's fourth-quarter adjusted earnings guidance came in at 54-55 cents, well short of 62 cents per share consensus estimate. "With Customer 360, only Salesforce is providing companies with a single source of truth, bringing them even closer to their customers across every touchpoint."

Read Full Details

Topics:
  • Business
  • Financial
News

Salesforce.com 3Q Results Top Estimates, but Guidance Falls Short

CRM

Investing.com - Salesforce revenue guidance fell short of estimates after the bell Tuesday. That offset a beat on both the top and bottom lines as acquisitions helped boost growth for its most recent quarter. That was below consensus estimates of $16.9 billion, according to Refinitiv. Sales Cloud generated $1.17 billion in revenue, up 14.5% year on year and Service Cloud, the second-largest division, grew 24% to $1.14 billion.

Read Full Details

Topics:
  • Business
  • Financial
News

Salesforce's Q3 Earnings Outlook

CRM

On Tuesday, December 3, Salesforce.com (NYSE: CRM) will release its latest earnings report. Wall Street expects EPS of 66 cents and sales around $4.45 billion. Salesforce earnings in the same period a year ago was 61 cents. Here's how the company's EPS has stacked up against analyst estimates in the past:.

Read Full Details

Topics:
  • Business
  • Financial
News

Salesforce Reveals Record-Breaking $31 Billion in U.S. Cyber Week Digital Sales--Shattering Records Amid a Shorter Holiday Season

CRM

SAN FRANCISCO, Dec. 3, 2019 /PRNewswire/ -- Salesforce (NYSE: CRM), the global leader in CRM, today released its Cyber Week insights, unveiling a record $31 billion in U.S. Cyber Week digital commerce revenue, up 15 percent from 2018. Brands push consumers to start holiday shopping early: With a later Thanksgiving and shortened holiday selling season, retailers made every day count, pushing out discounts and promotions earlier than ever. Marketers kept the steady drumbeat of engagement to promote their best deals leading into the weekend with the number of emails sent on Black Friday up 17 percent from Thanksgiving Day. Mobile is the MVP of Cyber Week: A whopping 73 percent of global digital traffic came from mobile devices (up from 66 percent in 2018), marking for yet another groundbreaking year for mobile. However, global mobile orders were the real breakout star, as buying reached 55 percent (up from 50 percent in 2018), driving the most digital traffic and orders of any device.

Read Full Details

Topics:
  • Business
  • Financial
  • Science

Monday, December 02


News

salesforce.com (NYSE:CRM) Given a $175.00 Price Target at Credit Suisse Group – TechNewsObserver

CRM

Tuesday, December 3rd, 2019. salesforce.com (NYSE:CRM) has been assigned a $175.00 price objective by equities research analysts at Credit Suisse Group in a research note issued to investors on Wednesday, November 13th, Borsen Zeitung reports. The company has a market cap of $142.85 billion, a P/E ratio of 111.03, a P/E/G ratio of 7.00 and a beta of 1.24. In other salesforce.com news, General Counsel Amy E. Weaver sold 5,627 shares of salesforce.com stock in a transaction that occurred on Tuesday, September 3rd. Following the completion of the sale, the chief accounting officer now directly owns 30,958 shares of the company’s stock, valued at approximately $4,769,699.06.

Read Full Details

Topics:
  • Business
  • Financial
News

Salesforce Might Have Quite A Few Surprises Up Its Sleeve

CRM

Salesforce.com Inc (NYSE: CRM) is set to report its third quarter financial results for the fiscal 2020 after the closing bell on Tuesday, December 3. Its shares did go upward 18% this year but on the other side, they lagged behind the software industry which exhibited a 41% increase. But it seems that Salesforce has more than a few value-adding surprises up its sleeve which is why it expects to double its revenues by 2024. At this year's conference, Salesforce CEO Marc Benioff stood in front of a screen that displayed major tech industry players around Salesforce: Microsoft Inc (NASDAQ: MSFT), Apple Inc (NASDAQ: AAPL), Amazon.com, Inc.'s AWS (NASDAQ: AMZN), Alphabet Inc (NASDAQ: GOOG), International Business Machines Corporation (NYSE: IBM), Hewlett Packard Enterprises Company (NYSE: HPE), Cisco Systems Inc (NASDAQ: CSCO), Dell (NYSE: DELL) and Alibaba Group Limited (NYSE: BABA). Moreover, it expects its revenue to be in the range of $34 billion and $35 billion by 2024, which is an impressive growth rate of about 20% annually. But management announced that the acquisition of MuleSoft was finally starting to come together. But the consequence of all those acquisitions is that after accounting for expenses, the company not generating as much profit, compared to its market peers. But the last time the CRM provider issued quarter earnings was in August with $0.66 EPS, beating the Zacks' consensus estimate of $0.09, net margin of 6.45%, a return on equity of 7.26%, with revenue amounting to $4 billion, also exceeding analysts' expectations of $3.96 billion.

Read Full Details

Topics:
  • Business
  • Financial