Salesforce (CRM) is set to report earnings for the first quarter of its 2025 fiscal year after the bell on Wednesday, with investors likely to be watching for growth in the company's data cloud segment and any updates related to artificial intelligence (AI).
After Salesforce (CRM) reported fourth-quarter results for the 2024 fiscal year, company executives discussed the company's position to provide data to train enterprise artificial intelligence (AI) models, data cloud growth amid AI demand, how AI is yet to boost the company's bottom line, and its first dividend.
Salesforce (NYSE: CRM) stock price will be in the spotlight this week after the Dow Jones company publishes its financial results. These numbers will come at a time when the shares have moved into a deep correction as they plunged by over 14% from their highest point this year.
Salesforce Inc (NYSE:CRM, ETR:FOO) is expected to report more than a 10% year-over-year jump in revenue for the first quarter as the firm benefitted from demand for its AI-powered cloud solutions despite reduced software spending by small and medium-sized enterprises amid the challenging macroeconomic environment. The company will hand down its first quarter fiscal 2025 financial results after the stock market closes on Wednesday, May 29.
Salesforce's (CRM) Q1 performance is likely to have benefited from the increased demand for its solutions as enterprises are continuing with cloud migration and digital transformation initiatives despite the current macroeconomic headwinds.
Markets will be closed on Monday for Memorial Day. The highlight of the week will come Friday when the BEA releases the Fed's preferred inflation gauge.
Tech stocks to watch in the stock market right now.
Salesforce's (CRM) expanding portfolio, client base, acquisitions and partnerships are key upsides. However, it will be prudent for investors to wait for a better entry time, considering a stretched valuation and near-term headwinds from macroeconomic uncertainties.
Salesforce.com (CRM) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Evaluate the expected performance of Salesforce.com (CRM) for the quarter ended April 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
A new Seattle-area startup is using artificial intelligence to help overwhelmed security teams identify high priority security flaws and mitigate threats.
The partnership between Salesforce (CRM) and IBM aims to offer customers greater flexibility in AI and data deployment, empowering teams to make informed, data-driven decisions directly within their workflow.