Stock Track | Salesforce Surges 5.67% on Strong Earnings, AI Growth Prospects

Stock Track07-26

Salesforce (CRM) stock experienced a significant intraday rally of 5.67% on July 25, 2024, driven by a combination of factors.

The company reported strong Q1 FY2025 earnings, with revenue growth of 10.7% year-over-year, beating analyst estimates. Salesforce also maintained its full-year revenue guidance of $37.7 billion to $38 billion, despite concerns about a potential slowdown in enterprise spending.

A key driver of Salesforce's growth is its Data Cloud product, which allows organizations to unify and analyze data from various sources. The Data Cloud grew an impressive 90% year-over-year and already accounts for $400 million in revenue. Analysts are optimistic about Salesforce's prospects in the AI industry, as the Data Cloud positions the company well to leverage AI technologies and benefit from the ongoing AI adoption.

Furthermore, Salesforce announced its first-ever dividend payment of $0.4 per share in Q1 FY2025, signaling its commitment to shareholder returns. The company has also implemented cost-saving measures, including layoffs and real estate disposals, which have improved its profitability outlook. Operating margins are expected to reach around 35% by 2026, approaching the levels of industry leaders like Microsoft and Oracle.

Salesforce's stock rally was likely further supported by the broader market rally on July 25, 2024, led by gains in IBM and Salesforce stocks, which contributed significantly to the Dow Jones Industrial Average's 275-point surge.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1153352573?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-07-26 01:22","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1153352573","market":"hk","top_or_hot":-1,"title":"Stock Track | Salesforce Surges 5.67% on Strong Earnings, AI Growth Prospects","media":"Stock Track","content":"<p>Salesforce (CRM) stock experienced a significant intraday rally of 5.67% on July 25, 2024, driven by a combination of factors.</p>\n\n<p>The company reported strong Q1 FY2025 earnings, with revenue growth of 10.7% year-over-year, beating analyst estimates. Salesforce also maintained its full-year revenue guidance of $37.7 billion to $38 billion, despite concerns about a potential slowdown in enterprise spending.</p>\n\n<p>A key driver of Salesforce's growth is its Data Cloud product, which allows organizations to unify and analyze data from various sources. The Data Cloud grew an impressive 90% year-over-year and already accounts for $400 million in revenue. Analysts are optimistic about Salesforce's prospects in the AI industry, as the Data Cloud positions the company well to leverage AI technologies and benefit from the ongoing AI adoption.</p>\n\n<p>Furthermore, Salesforce announced its first-ever dividend payment of $0.4 per share in Q1 FY2025, signaling its commitment to shareholder returns. The company has also implemented cost-saving measures, including layoffs and real estate disposals, which have improved its profitability outlook. Operating margins are expected to reach around 35% by 2026, approaching the levels of industry leaders like Microsoft and Oracle.</p>\n\n<p>Salesforce's stock rally was likely further supported by the broader market rally on July 25, 2024, led by gains in IBM and Salesforce stocks, which contributed significantly to the Dow Jones Industrial Average's 275-point surge.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Salesforce Surges 5.67% on Strong Earnings, AI Growth Prospects</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Salesforce Surges 5.67% on Strong Earnings, AI Growth Prospects\n</h2>\n\n<h4 class=\"meta\">\n\n2024-07-26 01:22 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Salesforce (CRM) stock experienced a significant intraday rally of 5.67% on July 25, 2024, driven by a combination of factors.\nThe company reported strong Q1 FY2025 earnings, with revenue growth of ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CRM","symbol_name":"赛富时","start_time":0,"source_url":"","article_id":"1153352573","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1153352573","pubTimestamp":1721928173,"sourceInfo":null,"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Salesforce  stock experienced a significant intraday rally of 5.67% on July 25, 2024, driven by a combination of factors.The company reported strong Q1 FY2025 earnings, with revenue growth of 10.7% year-over-year, beating analyst estimates. Salesforce also maintained its full-year revenue guidance of $37.7 billion to $38 billion, despite concerns about a potential slowdown in enterprise spending.Furthermore, Salesforce announced its first-ever dividend payment of $0.4 per share in Q1 FY2025, sig","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CRM":"赛富时"},"translate_title":"股票跟踪Salesforce因强劲盈利和人工智能增长前景而飙升5.67%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CRM":1},"content_text":"Salesforce (CRM) stock experienced a significant intraday rally of 5.67% on July 25, 2024, driven by a combination of factors.\nThe company reported strong Q1 FY2025 earnings, with revenue growth of 10.7% year-over-year, beating analyst estimates. Salesforce also maintained its full-year revenue guidance of $37.7 billion to $38 billion, despite concerns about a potential slowdown in enterprise spending.\nA key driver of Salesforce's growth is its Data Cloud product, which allows organizations to unify and analyze data from various sources. The Data Cloud grew an impressive 90% year-over-year and already accounts for $400 million in revenue. Analysts are optimistic about Salesforce's prospects in the AI industry, as the Data Cloud positions the company well to leverage AI technologies and benefit from the ongoing AI adoption.\nFurthermore, Salesforce announced its first-ever dividend payment of $0.4 per share in Q1 FY2025, signaling its commitment to shareholder returns. The company has also implemented cost-saving measures, including layoffs and real estate disposals, which have improved its profitability outlook. Operating margins are expected to reach around 35% by 2026, approaching the levels of industry leaders like Microsoft and Oracle.\nSalesforce's stock rally was likely further supported by the broader market rally on July 25, 2024, led by gains in IBM and Salesforce stocks, which contributed significantly to the Dow Jones Industrial Average's 275-point surge.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.3","shortVersion":"4.26.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1153352573"}