Train is leaving soon for the new highs . Today's share price is from three years ago.
The AI product at $360,000/yr will be de rigeur for the 100 biggest customers. The lesser AI features will be attractive enough to justify the higher prices that were announced today.
SFDC expects 10% growth this year while everyone else's top line declines. It's the products! New ones continue to roll out, recent ones continue to mature, to get usable features, and to seize market share.
Hyperforce and reduced selling expenses are helping with some of the biggest expense items. I can't imagine how much R&D it took to re-architect the whole thing with Lightning and Hyperforce, but it's done, and they are switching orgs to Hyperforce somewhat seamlessly. Each one moved reduces expenses.
The result is that margins will continue to improve fast. SFDC's incredible FCF will become more incredible.
I bought CRM all the way down and haven't yet sold a share. Not even writing calls right now. $300 will be tempting. $Salesforce.com(CRM)$
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- WKB·2023-07-13OkLikeReport