Salesforce to acquire software company Informatica in $8 billion deal
The two companies had been close to clinching a deal in 2024.
Salesforce is likely to sustain growth momentum in Q1 amid rising demand for AI and cloud. However, macro headwinds and slower deal cycles may limit the upside.
Markets will be digesting Trumps new tariff threats, while Dell, Autozone, Macy's, and more report earnings. Plus, economic data on consumers and home prices.
Salesforce (CRM) is scheduled to report fiscal first-quarter results after the closing bell Wednesday, with analysts largely bullish on the cloud software company's stock.
The earnings release from Nvidia NVDA is the true highlight of this week's earnings docket, though there are a few other bellwethers on deck to report results as well, including Costco COST, Salesforce.com CRM, and Ulta Beauty ULTA. We have close to 100 companies reporting results this week, including 14 S&P 500 members.
The two companies had been close to clinching a deal in 2024.
Salesforce Inc (NYSE:CRM, ETR:FOO) is set to deliver first-quarter revenue in line with guidance, but investors should expect limited upside on remaining performance obligations and conservative comments from management, according to analysts at Jefferies. The company will hand down its fiscal Q1 earnings for the three months ending in April on Wednesday, May 28, after markets close.
Evaluate the expected performance of Salesforce.com (CRM) for the quarter ended April 2025, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
The growing adoption of generative AI-enabled solutions and continued cloud migration are likely to have aided CRM's Q1 performance.
While it's still some distance from its all-time high around the $370 mark, the stock is setting up well, and a strong report could be the catalyst that gets it there by the end of June.
Salesforce's growth has decelerated for three straight quarters, with Agentforce yet to deliver on its AI-driven acceleration promises. Despite CEO Benioff's hype, tangible financial results from Agentforce remain limited, and margin expansion has stagnated. Valuation appears stretched given slowing growth, with shares trading at a premium to faster-growing peers like Microsoft and SAP.