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Salesforce is pivoting to profitability. Will it have enough resources to also invest in AI so it can stay competitive in the tech industry?
The stock is trading at a high multiple despite revenue that's growing by mid-single-digit percentages.
Salesforce's (NYSE: CRM) stock price fell 6% during after-hours trading on May 31 following the release of its latest earnings report. For the first quarter of fiscal 2024 (ended April 30), the cloud-based customer relationship management (CRM) software provider's revenue rose 11% year over year to $8.
Two tech stocks receiving considerable attention from Wall Street going into their quarterly reports yesterday were Salesforce (CRM) and C3.ai (AI).
Investing.com -- The Dow on Thursday kicked off June on a firm footing as investors cheered progress on the debt-ceiling bill with just days to go until the U.S. runs out of money.
Salesforce shares are under pressure after the company saw it's slowest pace of growth in 13 years. RBC Capital Markets Software Equity Analyst Rishi Jaluria breaks down the future what lies for the software giant.
Investing.com -- The S&P 500 climbed Thursday as the U.S. moved closer to averting a default after the House passed a debt-ceiling bill.
Salesforce shares are falling after posting its slowest revenue growth since 2010 as its customers pull back on spending due to economic uncertainty.
Salesforce has a mixed quarter, leading to some mixed responses by Wall Street
Stock index futures were up modestly on Thursday morning after the vote late last night, and investors also kept a watch on interest rates to see what a potential massive issuance of new Treasury debt might do to the financial system. Both C3.ai (NYSE: AI) and Salesforce (NYSE: CRM) have announced plans to lead the artificial intelligence revolution forward, yet neither company was able to reassure its investors that it will be able to sustain the growth rates that many have hoped to see. Shares of C3.ai dropped 19% early Thursday morning.
SAN FRANCISCO, June 01, 2023--Salesforce (NYSE: CRM), the global leader in CRM, announced today that J.P. Morgan has unveiled its new Payments Partner Network – a marketplace powered by Commerce Cloud. The Payments Partner Network features third-party partners that are integrated with the J.P. Morgan Payments platform, making it easy for clients to discover, search, and learn more about relevant J.P. Morgan partner product solutions, unlocking opportunities for growth and efficiency.
Salesforce's (CRM) better-than-expected first-quarter performance reflects the benefits of accelerated digitalization and rapid adoption of cloud-based solutions.
Investing.com -- Stocks in focus in premarket trade on Thursday, June 1st. Please refresh for updates.
Investing.com -- Salesforce (NYSE:CRM) reported better-than-expected first-quarter results and revenue guidance for the current quarter that topped expectations. Still, shares trade 5.5% lower in premarket Thursday.
With me on the call today is Marc Benioff, chair and CEO; Amy Weaver, president and chief financial officer; and Brian Millham, president and chief operating officer. As a reminder, our commentary today will include non-GAAP measures.
The headline numbers for Salesforce.com (CRM) give insight into how the company performed in the quarter ended April 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
While JOLTS illustrated a still-warm labor market, tech and retail companies reported Q1 earnings late.
Salesforce.com (CRM) delivered earnings and revenue surprises of 4.97% and 0.95%, respectively, for the quarter ended April 2023. Do the numbers hold clues to what lies ahead for the stock?
Yahoo Finance Live breaks down some of the biggest stock movers in after-hours trading.
Investing.com - U.S. stock futures were trading within a tight range during Wednesday's evening deals, after major benchmark averages finished slightly lower as market participants remain focused on the U.S. debt ceiling deal, with the House set for the final vote later in the session.
SAN FRANCISCO, May 31, 2023--Salesforce Announces Strong First Quarter Fiscal 2024 Results
A look at the stocks making headlines on Wednesday.
Investing.com -- Stocks were mixed on Tuesday amid continued uncertainty about the debt ceiling outcome despite a deal reached over the weekend.
Congress is expected to vote on legislation to pass the deal on Wednesday.
The solid adoption of cloud-based solutions amid ongoing accelerated digital transformation initiatives adopted by organizations is likely to have aided Salesforce's (CRM) Q1 revenues and earnings.