Salesforce said on Thursday it would buy Own Company, a provider of data protection and data management solutions, for $1.9 billion in cash.
Salesforce's latest report easily beat Wall Street's expectations. But its sales growth is still cooling as it focuses on growing its profits.
NEW YORK, NY / ACCESSWIRE / September 5, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Salesforce, Inc. ("Salesforce") (NYSE:CRM) concerning possible violations of federal securities laws. On May 29, 2024, Salesforce reported its fiscal Q1 2025 financial results.
Salesforce CRM stock price is capped at a critical resistance point and may not set new highs soon. The Q2 results are great, including improved guidance, but the market must overcome headwinds.
Despite a strong start to the year, shares of tech titan Salesforce Inc. NYSE: CRM have been having a lackluster end to the summer. They gained 150% through the start of March before falling more than 30% in June due to some dodgy earnings.
Salesforce is focusing on its profits instead of its revenues. MongoDB is bracing for a tough slowdown this year.
Enterprise cloud firm Salesforce on Tuesday said it has agreed to acquire Tenyx, which develops artificial intelligence-powered voice agents, to advance its AI-driven solutions.
Salesforce has become a more mature company with moderate growth and increasing profitability. However, its Agentforce platform could represent a huge growth opportunity for the company.
Explore Salesforce.com's (CRM) international revenue trends and how these numbers impact Wall Street's forecasts and what's ahead for the stock.
Salesforce.com (CRM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Salesforce's Q2 earnings exceeded expectations with $2.56 in EPS and $9.33B in revenue, driven by double-digit top-line growth in core segments. The company generated $755M in free cash flow, showing 20% Y/Y growth, and raised its FY 2025 earnings outlook. Salesforce's valuation is attractive with a P/E ratio of less than 24X: it is cheaper than it was in the past and cheaper relative to other software companies.
Salesforce (CRM) continued its transformation efforts to provide stronger financial figures after beating Q2 expectations on Wednesday and raising its profit guidance.