Salesforce.com (CRM)

[behappyalways]

Salesforce To Fire 10% Of Workers As It Warns About "Economic Downturn"
https://www.zerohedge.com/markets/sales ... c-downturn

[winston]

not vested

Salesforce.com Inc (CRM US) - Blow-out quarter results and better guidance likely changes the narrative

Salesforce.com (Salesforce) is a global leader in customer relationship management (CRM) software, enabling companies to improve their relationships and interactions with their customers.

It has surpassed USD10b in annual revenue in FY18, reaching this milestone faster than any other enterprise software company in history.

It exists in a large total addressable market (TAM) and its growth is powered by the digital transformation of companies of various sizes and industries.

Salesforce possesses a highly scalable model arising from its multi-tenanted technology architecture and is looking to capitalize on growth opportunities overseas.

Salesforce’s suite of products also presents multiple cross-selling and upselling opportunities as it deepens its relationships with its existing customers.

Beginning 4QFY23, the company has embarked on an aggressive transformation, pivoting from focusing on sales growth to earnings growth going forward.

We believe in light of the current macro environment, investors will view the 180-degree turnaround in focus to profitability by the company favourably. Therefore, we turn more positive on Salesforce, and adjust our FV from USD200 to USD240. BUY.

Source: OCBC

[winston]

not vested

Salesforce Inc - Stock Analyst Research
Target Price* 242.00
Recommendation ACCUMULATE

Salesforce Inc - Profit outlook raised

2Q24 revenue was in line with our expectations, while earnings exceeded expectations.

1H24 revenue/PATMI was at 49%/55% of our FY24e forecasts.

In 2Q24, PATMI spiked by 19-fold YoY driven by higher operating leverage.

For FY24e, Salesforce boosted its revenue outlook to US$34.75bn from the prev. US$34.6bn as it benefits from AI-related demand and a recent price hike of 9% across its cloud products.

The company also raised its GAAP EPS outlook to US$3.51 from US$2.68 led by cost containment efforts.

We maintain ACCUMULATE with a raised DCF target price of US$242.00 (prev. US$226.00), with a WACC of 7% and terminal growth of 4%.

We increase our FY24e revenue/PATMI estimates by 1%/30% to reflect benefits from the price hike and lower expenses.

We believe Salesforce is well-positioned to benefit from cloud-based digital transformation trends as companies look to form a more holistic view of their customer data to provide better customer experiences.

Source: Phillips

https://www.poems.com.sg/stock-research/CRM/

[winston]

not vested

Salesforce on Wednesday delivered upbeat guidance and posted better-than-expected fourth-quarter earnings as a step up in enterprise spending bolstered performance, paving the way for the cloud software maker to roll out its first quarterly dividend and upgrade its stock buyback plan.

For the three months ended Jan. 31, Salesforce reported adjusted earnings of US$2.29 per diluted share, up from US$1.68 a year earlier, on revenue of US$9.29 billion, up from US$8.38 billion a year earlier.

That topped Wall Street estimates of US$2.27 on revenue of US$9.22 billion.

Current remaining performance obligation, or cPRO, a bookings metric, jumped 12% to US$27.6 billion at the end of Q4 year-on-year.

Looking ahead, the company guided Q1 adjusted EPS of US$2.37 to US$2.39 on revenue of US$9.12 billion to US$9.17 billion, topping estimates of US$2.20 on revenue of US$9.14 billion.

For the full-year the company sees adjusted EPS of US$9.68 to US$9.76 on revenue of US$37.7 billion to US$38.0 billion.

The company initiated its first ever quarterly dividend of US$0.40 a share, and increased its share buyback plan by US$10 billion.

Source: Phillips

[winston]

not vested

Salesforce reported weaker-than-expected revenue and issued guidance that trailed Wall Street’s expectations.

Earnings per share came in at US$2.44 adjusted vs. US$2.38 expected on revenue of US$9.13 billion vs. US$9.17 billion expected.

Salesforce called for adjusted earnings per share in the current quarter of US$2.34 to US$2.36 on US$9.2 billion to US$9.25 billion in revenue.

Analysts had expected US$2.40 in adjusted earnings per share on US$9.37 billion in revenue.

It is the first time since 2006 that Salesforce fell short on revenue.

Salesforce saw budget scrutiny and longer deal cycles than usual during the quarter, president and operating chief Brian Millham told analysts on a conference call.

Management implemented go-to-market changes that cut into bookings, Millham said.

Source: Phillips

[winston]

not vested

Salesforce Drops on First-Ever Single Digit Sales Growth Outlook

by Brody Ford

Revenue will rise as much as 8% to $9.25 billion in the period ending in July.

In the fiscal first quarter ending April 30, revenue increased 11% to $9.13 billion. Profit, excluding some items, was $2.44 per share.

Current remaining performance obligation, a measure of contracted sales, increased 10% to $26.4 billion, below estimates.

Source: Bloomberg

https://finance.yahoo.com/news/salesfor ... 03268.html

[winston]

not vested

UBS Sticks to Its Hold Rating for Salesforce (CRM)

by Christine Brown

UBS analyst Karl Keirstead maintained a Hold rating on Salesforce (CRM – Research Report) today and set a price target of $250.00. The company’s shares closed yesterday at $271.62.

In addition to UBS, Salesforce also received a Hold from Wells Fargo’s Michael Turrin in a report issued on May 24. However, today, JMP Securities maintained a Buy rating on Salesforce (NYSE: CRM).

CRM market cap is currently $262.1B and has a P/E ratio of 64.20.

Based on the recent corporate insider activity of 452 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CRM in relation to earlier this year.

Salesforce (CRM) Company Description:

salesforce.com, inc. engages in the design and development of cloud-based enterprise software for customer relationship management. Its solutions include sales force automation, customer service and support, marketing automation, digital commerce, community management, collaboration, industry-specific solutions, and salesforce platform.

The firm also provides guidance, support, training, and advisory services.

Source: Tip Ranks

https://www.tipranks.com/news/blurbs/ub ... sforce-crm

[winston]

not vested

Decoding financials of CRM giant Salesforce

Source: moomoo

https://www.moomoo.com/my/learn/detail- ... -240568154

[winston]

not vested

Salesforce Inc - Stock Analyst Research
Target Price* 305.00
Recommendation BUY

Salesforce Inc - Reaffirms revenue guidance

1Q25 revenue/PATMI was in line with expectations at 24%/25% of our FY25e forecasts.

Revenue grew 11% YoY to US$9.1bn due to higher subscription sales.

PATMI spiked 670% YoY (44% normalized) driven by higher operating leverage.

For 2Q25e, Salesforce expects revenue to grow by 8% YoY to US$9.2bn led by strong demand for its data integration and analytics products like MuleSoft and Tableau.

The company reaffirmed FY25e revenue guidance of US$37.9bn (+9% YoY) but lowered its GAAP operating margin to 19.9% from 20.4% (FY24: 14.4%).

We upgrade to BUY from ACCUMULATE recommendation as we account for recent share price performance.

We lower our DCF target price to US$305.00 (prev. US$323.00) with an unchanged WACC of 7% and a terminal growth rate of 4%.

Our FY25e revenue/PATMI estimates are nudged lower by 1%/2% to reflect macro headwinds and higher expenses.

Catalysts for Salesforce include ongoing margin expansion, robust free cash flows and resilient demand for its data cloud offerings as enterprises look to form a 360-degree view of their customer data to provide better customer experiences.

Source: Phillips

https://www.poems.com.sg/stock-research/CRM/