Post-Pandemic Salesforce Stock Emerges as Czar of the ‘Cloudless’ Cloud

InvestorPlace2021-09-13

Building data center capacity only as needed has fueled CRM stock's recent gains. Every large enterprise would like the hybrid cloudsalesforce.com(NYSE:CRM) has built for itself. CRM stock is off 3% ...

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Comments

Kentlieu
2021-09-13
Kentlieu
Snowflake
- KentlieuReplyKentlieu:
  Like pls
- Kentlieu:
  Salesforce
- KentlieuReplyKentlieu:
  Thanks
- KentlieuReplyKentlieu:
  Support
- KentlieuReplyKentlieu:
  Needs like
ekwee75
2021-09-13
ekwee75
Like pls
weiyun
2021-09-13
weiyun
Nice
Yawyaw
2021-09-13
Yawyaw
Support
- weiyun:
  Ok
Chrissssy
2021-09-13
Chrissssy
Like and comment please:)
- cozyli:
  ok pls like back. thks

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CRM stock is off 3% ...</p>\n\n<a href=\"https://investorplace.com/2021/09/crm-stock-salesforce-cloudless-cloud-czar/\">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":"SNOW","symbol_name":"Snowflake","start_time":0,"source_url":"https://investorplace.com/2021/09/crm-stock-salesforce-cloudless-cloud-czar/","article_id":"1153758093","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1153758093","pubTimestamp":1631511870,"sourceInfo":{"source_id":"lsy1606302653667","name":"InvestorPlace"},"weMediaInfo":null,"summary":"Building data center capacity only as needed has fueled CRM stock's recent gains.\n\nEvery large enter","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SNOW":"Snowflake"},"translate_title":"疫情后的销售力量股票成为“无云”云的沙皇","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SNOW":0.9},"content_text":"Building data center capacity only as needed has fueled CRM stock's recent gains.\n\nEvery large enterprise would like the hybrid cloudsalesforce.com(NYSE:CRM) has built for itself. 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They want the flexibility of the cloud, but the surety of their own hardware.\nThey want what Salesforce has.\nPandemic Stokes CRM Stock Market Cap\nDespite this month’s decline, Salesforce’s market capitalization has nearly doubled since the start of the pandemic, to $217 billion as CRM stock gained 59.4% in the last 18 months.\nFor the quarter ending in July, it had net income of $535 million, or 56 cents a share fully diluted, onrevenue of $6.34 billion.It’s projecting growth of nearly 25% this year, total revenue of about$26.2 billion after the acquisition of Slack.\nReporters call it a“pandemic fueled demand for cloud services,”but it’s just an acceleration of trends that were evident before the health crisis started.\nSalesforce has built partnershipswithMicrosoft(NASDAQ:MSFT),withAlphabet(NASDAQ:GOOGL), andwithAmazon, building its own capacity where it can assure profitable traffic.\nSalesforce owns some cloud, rents some cloud, but manages its cloud, so this is all transparent to customers. It’s also turning the old model of infrastructure, platforms and servicesupside-down,delivering full application suites.\nBy operating on this hybrid model, Salesforce can assure that customers abide bylocal privacy lawsanddata localization laws.\nSoftware Is King in the Cloud\nThe success of this hybrid cloud approach is transforming the cloud market.\nSalesforce is now consideredthe leading industrial cloud, ahead of Alphabet and Microsoft.\nYou no longer need to invest $1 billion per quarter of cash flow to become a cloud player. Just use public clouds to fill in capacity and build your own as-needed. This means software companies likeAdobe(NASDAQ:ADBE) and even consumer companies likeWalmart(NYSE:WMT) can develop their own clouds at their own pace, and gain independence from the Cloud Czars — the same independence Salesforce now enjoys.\nCustomers don’t see data centers. They see services like aSales Cloudora Health Cloud. Software is now driving what had been a hardware cloud market.\nThat’s why Salesforce bought Slack.It paid $27 billion for what amounts to a corporate user interface, making it a direct competitor to Google and Microsoft. As CEO Marc Benioff said on his latest earnings call, “If you’re starting a new company, you’re not planning physical office place — you’re planning digital office space.”\nAfter spending the last decade building or renting huge skyscrapers, including its own San Francisco headquarters, Salesforce is now tearing it all down. Instead of going to offices, its workers will remain largely virtual. Instead of going to trade shows, Salesforce isbuilding its own streaming service.\nThe Bottom Line\nDespite becoming a cloudless Cloud Czar, Salesforce is only growing as fast as its market. Seen over the last year or even the last two, CRM stock’s performance trails that of theS&P 500 index. 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<u>like</u>","text":"Needs <u>like</u>","html":"Needs <u>like</u>"}],"langContent":"EN"},{"id":888408481,"gmtCreate":1631514400343,"gmtModify":1676530562770,"author":{"id":"4089243155506890","authorId":"4089243155506890","name":"ekwee75","avatar":"https://static.tigerbbs.com/0153ac90bb3fdc15c51f6ceee1573987","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"4089243155506890","idStr":"4089243155506890"},"htmlText":"Like pls","listText":"Like pls","text":"Like 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and comment please:)","listText":"Like and comment please:)","text":"Like and comment please:)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/888570381","repostId":1153758093,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5850552,"gmtCreate":1631513256504,"gmtModify":1663233807028,"authorId":3574167470846346,"author":{"id":3574167470846346,"idStr":"3574167470846346","authorId":3574167470846346,"name":"cozyli","avatar":"https://static.tigerbbs.com/509ef7c09d0624801748249c5a3e0117","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":888570381,"type":1,"supId":0,"prevId":0,"content":"ok pls like back. thks","text":"ok pls like back. thks","html":"ok pls like back. 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