Salesforce, Inc. (CRM)
Market Cap | 285.50B |
Revenue (ttm) | 34.86B |
Net Income (ttm) | 4.14B |
Shares Out | 970.00M |
EPS (ttm) | 4.20 |
PE Ratio | 71.55 |
Forward PE | 31.55 |
Dividend | $1.60 (0.53%) |
Ex-Dividend Date | Mar 13, 2024 |
Volume | 3,847,008 |
Open | 299.62 |
Previous Close | 294.33 |
Day's Range | 296.02 - 300.97 |
52-Week Range | 182.65 - 318.71 |
Beta | 1.28 |
Analysts | Buy |
Price Target | 301.06 (+0.18%) |
Earnings Date | Feb 28, 2024 |
About CRM
Salesforce, Inc. provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale. In addition, its platform offering comprise a flexible platform that enables companies of various sizes... [Read more]
Financial Performance
In 2023, Salesforce's revenue was $34.86 billion, an increase of 11.18% compared to the previous year's $31.35 billion. Earnings were $4.14 billion, an increase of 1888.46%.
Financial StatementsAnalyst Forecast
According to 32 analysts, the average rating for CRM stock is "Buy." The 12-month stock price forecast is $301.06, which is an increase of 0.18% from the latest price.
News
These older tech companies are playing catch-up in genAI
The news hit like a thunderbolt across the artificial-intelligence landscape: Apple Inc. and Alphabet Inc.'s Google are in discussions to bring the latter's Gemini AI tools to iPhone software.
AI talk is surging during company earnings calls — and so are those companies' shares
Company executives in the fourth quarter produced the second-highest amount of talk about artificial intelligence for any quarter in at least a decade, according to a tally from FactSet.
Together AI valued at $1.25 bln in Salesforce-led funding round
Nvidia-backed Together AI has raised $106 million at a valuation of $1.25 billion in a new funding round led by Salesforce Ventures, the generative artificial intelligence (AI) startup said on Wednesd...
Aria Systems Launches Aria Billing Studio to Optimize Billing Management and AI Capabilities Within Salesforce
SAN FRANCISCO--(BUSINESS WIRE)--Aria Systems, the leader in empowering enterprises to accelerate subscription and usage-based revenue growth, today announces the launch of Aria Billing Studio, a suite...
Nespon Solutions completed its acquisition of Cloudblue Services S.A.S, an industry focused Salesforce consultancy in Colombia
DALLAS & BOGOTA, Colombia--(BUSINESS WIRE)-- #latamgrowth--Texas-based Nespon Solutions has acquired Latin American Cloudblue Services. As a result, Nespon Solutions will gain capabilities in Salesfor...
Salesforce's behind-the-scenes co-founder is tackling Slack as software company turns 25
As the lesser-known co-founder of Salesforce, Parker Harris has led some of the company's most important projects since helping launch the company 25 years ago.
It's not just Nvidia: These companies are finally making real money from AI
Generative AI, hailed for more than a year now as tech's new frontier, is steadily scoring enterprise sales. And it isn't just Nvidia Corp. NVDA, -5.55% that is racking up stratospheric revenue and ma...
Reply Once Again Awarded "Best in Class" in the PAC Innovation RADAR on Salesforce-related Services in Europe
TURIN, Italy--(BUSINESS WIRE)--Reply has been ranked among the leading providers of "Salesforce-related Services in Europe 2024" in the PAC Innovation RADAR, an industry study by the independent resea...
This Year's Model: OpenAI, Salesforce and Others Boost Efforts for Ethical AI
In a shift toward ethical technology use, companies across the globe are intensifying their efforts to develop responsible artificial intelligence (AI) systems, aiming to ensure fairness, transparency...
Salesforce just announced new AI solutions for healthcare workers
Salesforce Inc just announced new artificial intelligence enabled solutions for healthcare workers. Its shares are pushing to the upside at writing.
Salesforce announces new AI tools for doctors
Salesforce announces new AI solutions that could help automate some administrative tasks that are driving physician burnout.
ScaleWith Unveils Social Impact Copilot™ for Salesforce
ALLEN, Texas--(BUSINESS WIRE)--Social Impact Copilot™ seamlessly integrates with Salesforce Einstein Copilot to help businesses align with customers.
Turtle Bay Resort Redefines Personalized Hospitality with Salesforce's Einstein 1 Platform
SAN FRANCISCO & KAHUKA, Hawaii--(BUSINESS WIRE)--Today, Salesforce (NYSE: CRM), the #1 AI CRM, announced it is working with Turtle Bay Resort, the luxury vacation destination nestled on O‘ahu's legend...
Salesforce Launches Einstein 1 Studio: Low-Code AI Tools for Customizing Einstein Copilot and Embedding AI into Any CRM App
SAN FRANCISCO--(BUSINESS WIRE)--Today at TrailblazerDX, Salesforce's developer conference, Salesforce (NYSE: CRM) announced the availability of Einstein 1 Studio, a set of low-code tools that enables ...
Up 69% In The Last Twelve Months, What To Expect From Salesforce Stock?
Salesforce stock (NYSE: CRM) has gained 20% YTD, as compared to the 8% rise in the S&P500 over the same period. Further, at its current price of $315 per share, it is trading 3% below its fair value o...
Akeneo Unveils Its Spring 2024 Release Featuring AI-Powered Innovations and Deeper Integrations with Salesforce
Akeneo's recent achievements of 100% US growth and strategic expansions set the stage for its Spring 2024 innovations Boston, Massachusetts--(Newsfile Corp. - March 5, 2024) - Akeneo, the Product Expe...
MSFT, WDAY, CRM: Clear Skies for Cloud Stocks?
Microsoft (MSFT) has been the winner here, notes Fred Havemeyer. He discusses the takeaways from this week's cloud company earnings.
Salesforce's top AI ethics leader says she's 'optimistic' on the path to U.S. regulation
"I remain optimistic, because I think if you saw a number of the hearings that happened in the Senate, they were largely bipartisan," says Paula Goldman.
Salesforce Outlook Disappoints as AI Fails to Spark Growth
Salesforce reported a cooler-than-expected full year revenue forecast with AI failing to spark growth. Rebecca Wettemann, CEO and Principal of Valoir, a firm providing research and advisory services t...
Salesforce is really showing their dedication
Shares of Salesforce (CRM) are moving up as the company reported fourth-quarter earnings, posting adjusted earnings per share of $2.29 versus an expected $2.27. The company did, however, forecast a we...
Trade Tracker: Bill Baruch buys Salesforce and more AMD, Nvidia & Western Digital
Bill Baruch, Founder & President Blue Line Capital, joins CNBC's “Halftime Report” to discuss his latest buys
Earnings: SNOW Falls & CRM's Guidance Disappoints
Snowflake (SNOW) falls after earnings and CEO departure. Jenny Horne discusses the aftermath of Snowflake's earnings as CEO Frank Slootman retires but remains as Chairman.
Salesforce is our top pick as a generative AI pure play, says Stefan Slowinksi
Stefan Slowinski, Global Head of Software Research at BNP Paribas Exane, discusses Salesforce's earnings report.