Salesforce: From Dow Disappointment to Standout Tech Stock

Motley Fool2022-06-02

Salesforce stock jumped nearly 10% on Wednesday after the customer relationship management (CRM) software company announced strong financial results in its latest quarterly report. The move came as a ...

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Comments

来人
2022-06-02
来人
Good!
Ragz
2022-06-02
Ragz
It's a roller-coaster ride
Vincent1968
2022-06-02
Vincent1968
Ok
cheeseng08
2022-06-02
cheeseng08
Nice
ocllove
2022-06-02
ocllove
Great
Ni76
2022-06-02
Ni76
Gold will shine sooner or later!

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The move came as a ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/06/01/salesforce-from-dow-disappointment-to-standout-tec/\">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":"https://www.fool.com/investing/2022/06/01/salesforce-from-dow-disappointment-to-standout-tec/","article_id":"2240442114","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2240442114","pubTimestamp":1654133591,"columns":[],"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"The CRM software giant's latest financial report signals a turnaround from a tough couple of years.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"CRM":"赛富时"},"translate_title":"Salesforce：从道琼斯的失望到突出的科技股","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CRM":1},"content_text":"Salesforce stock jumped nearly 10% on Wednesday after the customer relationship management (CRM) software company announced strong financial results in its latest quarterly report. 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Since joining the average, the CRM specialist has seen substantial ups and downs, and it's down more than 40% during a period when the Dow was up nearly 20%.CRM data by YCharts.How Salesforce is bouncing backSalesforce's latest news isn't wiping out those share-price losses, but it is setting the stage for the business to keep up its winning ways. Revenue rose 24% year over year to $7.41 billion in the first quarter of its 2023 fiscal year. Its remaining performance obligations jumped 20% to $42 billion, representing between five and six quarters' worth of future business in the Salesforce pipeline. Operating cash flow climbed to $3.68 billion, showing the cash-generating power of the CRM software-as-a-service  business model.More importantly, though, Salesforce continues to expect its market to expand at a  healthy pace. With the Salesforce Customer 360 platform going well beyond its CRM roots to provide a host of valuable services, customers are turning to the software provider not just for sales- and service-related products but also for marketing, commerce, productivity platform, and data analytics. Those markets add up to a total addressable market that Salesforce estimates will grow to $284 billion by 2026.Already, Salesforce is confident in its ability to tap into this expanding market. Co-CEO Bret Taylor pointed to the increasing strategic value and relevance that Customer 360 has for all of its customers.The key to a Salesforce long-term winOne area where Salesforce still needs to prove its success to investors is in its bottom line. Adjusted earnings were down year-over-year in the first quarter. 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a roller-coaster&nbsp;ride&nbsp;","listText":"It's a roller-coaster&nbsp;ride&nbsp;","text":"It's a roller-coaster 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will shine&nbsp;sooner or later!&nbsp;","listText":"Gold will shine&nbsp;sooner or later!&nbsp;","text":"Gold will shine sooner or later!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9050323919","repostId":2240442114,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":64,"commentSize":9,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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