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☆ Salesforce CEO: 'Slack is going to be the promise of AI for a lot of our most important customers'
▼ + stars: | 2023-09-12 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Salesforce CEO: 'Slack is going to be the promise of AI for a lot of our most important customers'Salesforce CEO Marc Benioff sits down with 'Mad Money' host Jim Cramer to talk AI application, what's next for Slack, the Dreamforce conference and more.

Persons: Slack, Marc Benioff, Jim Cramer, what's

☆ Salesforce CEO Marc Benioff: When I talk to CEOs they are all Slack-first
▼ + stars: | 2023-09-12 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSalesforce CEO Marc Benioff: When I talk to CEOs they are all Slack-firstSalesforce CEO Marc Benioff sits down with 'Mad Money' host Jim Cramer to talk AI application, what's next for Slack, the Dreamforce conference and more.

Persons: Marc Benioff, Jim Cramer, what's, Slack

☆ Monday, Sept. 11, 2023: Cramer previews this software Club holding set to report earnings
▼ + stars: | 2023-09-11 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Monday, Sept. 11, 2023: Cramer previews this software Club holding set to report earningsJim Cramer attends the Dreamforce Conference and talks with Jeff Marks about the future of AI. Jim previews the August CPI report set to come out this Wednesday. Finally, Jim previews one software Club holding reporting quarterly earnings Monday night.

Persons: Cramer, Jim Cramer, Jeff Marks, Jim Organizations: Club, Dreamforce Conference

☆ Here are 3 things for stock investors to watch in the market in the week ahead
▼ + stars: | 2023-09-09 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

It was a down week for the major stock market benchmarks as rumors of an iPhone ban for government employees in China sparked concerns over increasing tensions between Washington and Beijing. Here's a full rundown of all the important domestic earnings reports and economic data in the week ahead. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Jim Cramer, Apple —, Jim, we'll, Einstein, Stellantis, We'll, That's, Oracle's, LEN, Jim Cramer's Organizations: Apple, Dow, Nasdaq, Broadcom, DuPont, Huawei, Nvidia, Apple Watch, Vision, Club, Google, Justice Department, United Auto Workers, General Motors, Chrysler, Ford, UAW, CPI, PPI, Oracle, Oracle Cloud Infrastructure, Microsoft, Costco, Caseys, Jim Cramer's Charitable, CNBC, Apple Inc, Getty Locations: China, Washington, Beijing, U.S, People's Republic of China, San Francisco, Shanghai

☆ Salesforce shrugs off growth concerns as reenergized CEO Benioff lifts guidance
▼ + stars: | 2023-08-30 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

Non-GAAP earnings-per-share (EPS) of $2.12 grew 78% from last year and beat the $1.90-per-share EPS predicted by analysts, Refinitiv data showed. While the solid margin beat and upside to earnings are similar to what Salesforce reported back in May, one key difference this time was the increased revenue outlook. It now expects to hit $34.7 billion to $34.8 billion, up from $34.5 billion to $34.7 billion. Salesforce raised its GAAP EPS range to $3.50 to $3.52, up from $2.67 to $2.69, and non-GAAP EPS range to $8.04 to $8.06, up from $7.41 to $7.43. Salesforce also expects its cPRO to grow slightly above 11% from last year and that's slightly better than estimates of 10.8% growth.

Persons: Refinitiv ., Salesforce, Marc Benioff, Brian Millham, Jim Cramer's, Jim Cramer, Jim, Fabrice Coffrini Organizations: Revenue, CNBC, Economic, Afp, Getty Locations: Salesforce, Americas, Europe, Africa, Asia, Davos, Switzerland

☆ Salesforce is trotting out Matthew McConaughey amid cost cuts and employees aren't happy, leaked messages show
▼ + stars: | 2023-08-08 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +2 min

Salesforce reportedly paid Matthew McConaughey $10 million a year during layoffs. McConaughey's voice appeared in Salesforce's "AI Day" event in June and Salesforce recently announced McConaughey as a speaker at the company's annual Dreamforce conference in September. But some employees are not happy about it because the McConaughey deal was made public just a month after Salesforce announced it would be conducting widespread layoffs this year. Some employees complained about the company's relationship with McConaughey in an internal Slack channel called "airing of grievances," according to messages viewed by Insider. "I was denied a promotion this cycle because of 'lack of budget' but we can throw $10mil a year at this guy?"

Persons: Salesforce, Matthew McConaughey, McConaughey's, McConaughey Organizations: Wall Street Locations: Salesforce

☆ Salesforce Earnings Hurt as Economic Concerns Weigh on Demand
▼ + stars: | 2023-03-02 | by ( Tom Dotan | ) www.wsj.com time to read: 1 min

Crowds packed Salesforce’s 2022 Dreamforce conference in San Francisco last September. Salesforce Inc.’s revenue growth remained low last quarter as concerns about the economy weighed on orders for its software. Salesforce revenue grew 14% to $8.38 billion in the three months through January. It reported a net loss of $98 million for the quarter.

☆ Salesforce Stock Surges as Software Maker Sees Its Profitability Rising
▼ + stars: | 2023-03-01 | by ( Tom Dotan | ) www.wsj.com time to read: 1 min

Crowds packed Salesforce’s 2022 Dreamforce conference in San Francisco last September. Salesforce Inc.’s shares surged Wednesday, after the company forecast its profitability would increase this fiscal year as it faces activist shareholders focused on spending levels at the business-software provider. For its just-started fiscal year, Salesforce projected widening profit margins and revenue that would surpass analysts’ forecasts.

☆ New Salesforce Has to Keep Selling
▼ + stars: | 2023-02-27 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

Salesforce put on its annual Dreamforce conference in San Francisco last year and began laying off 8,000 workers in January. Selling is the one thing Salesforce has long excelled at. The company founded by salespeople to make software for salespeople is in the midst of the worst sales slump in its history. Revenue growth for the fiscal fourth quarter ended January is expected to fall below double-digits for the first time since Salesforce went public in mid-2004. This for a company that has averaged year-over-year revenue growth of 25% per quarter even since it broke through the $10 billion annual revenue threshold in early 2018.

☆ Business-Software Companies Say Customers Are Pulling Back Amid Economic Concerns
▼ + stars: | 2022-12-04 | by ( Kathryn Hardison | ) www.wsj.com time to read: 1 min

Salesforce said its business customers are adopting behaviors typically seen in an economic downturn. Attendees at its 2022 Dreamforce conference in San Francisco. Business-software companies say customers are being more cautious with their spending in response to a challenging economy, adding to the tech industry’s list of concerns. Customers for companies such as Salesforce Inc., Okta Inc. and CrowdStrike Holdings Inc. are taking longer to sign deals, and in some cases slowing their hiring plans as they try to protect their bottom lines, the software providers reported this past week. That trend has created a cloudy outlook for many in the once-booming business-software sector, which benefited from years of demand as customers looked to use the products to trim costs and maintain their businesses during the pandemic.

☆ Salesforce shares slump nearly 10% after co-CEO Bret Taylor announces surprise departure
▼ + stars: | 2022-12-01 | by ( Rohan Goswami | ) www.cnbc.com time to read: +2 min

Salesforce shares were down about 10% by mid-day Thursday as analysts and investors digested Wednesday evening's earnings report and the surprise news that co-CEO Bret Taylor will depart by the end of Jan. 2023. Taylor's departure will leave founder Marc Benioff as the sole CEO at the tech giant. Taylor was appointed co-CEO and vice chair in Nov. 2021, having previously served as president and chief operating officer. Taylor was also chairman of the board of Twitter before billionaire Elon Musk took the company private. Taylor joined Salesforce in 2016 when his startup, Quip, was acquired by Benioff's company.

Salesforce said Wednesday that Bret Taylor will step down as co-CEO on Jan. 31, leaving Marc Benioff alone again at the top of the cloud software company he co-founded in 1999. Benioff closely embraced Taylor, who joined the company in 2016, when he sold his productivity software startup Quip to Salesforce. "I am grateful for six fantastic years at Salesforce," Taylor said in a statement on Wednesday. Before Quip, Taylor sold FriendFeed to Facebook and helped to create Google Maps. But the company's stock was down as much as 6% in after-hours trading.

☆ Salesforce cut hundreds of employees on Monday
▼ + stars: | 2022-11-08 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Salesforce on Tuesday confirmed that it cut some employees this week after the enterprise software maker saw demand lighten in some countries and industries. One person familiar with the matter said Salesforce let go of fewer than 1,000 people on Monday. Unfortunately, that can lead to some leaving the business, and we support them through their transition," a Salesforce spokesperson told CNBC in a statement. Several technology companies, Salesforce included, have announced plans to add employees at a slower rate than before this year to weather rougher business conditions as prices and interest rates move higher. One of Salesforce's top competitors in business software, Microsoft , announced a round of job cuts in October.

We're buying 25 shares of Salesforce (CRM) at roughly $147.28 each and 25 shares of Honeywell (HON) at roughly $170.28. In a very oversold market, according to our trusted S & P Oscillator , we've making two more small buys Monday afternoon. The Oscillator reached an extreme oversold reading of minus 10.66% after last week's sharp declines. As a reminder, any time the Oscillator moves below minus 4%, it signals oversold conditions in the market, which could mean it's due for a bounce. However, the Oscillator (and the market) could, of course, go even lower from here, especially as equities take their cue from the bond market.

And Jim Cramer was on site in San Francisco to talk with leading tech CEOs , including the heads of Salesforce and its subsidiary Slack. Salesforce Co-CEO Marc Benioff Benioff said Salesforce is integrating Slack into Customer 360, the company's customer relationship management platform, so that it becomes the primary messaging system for users. Quip, the word processing app Salesforce acquired in 2016, will also be integrated into Slack. Salesforce Co-CEO Bret Taylor Taylor highlighted Salesforce's shift towards profitability -- it's aiming for a 25% operating margin in 2026 by limiting spending — and commitment to returning cash to shareholders. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Salesforce is facing a huge sales challenge to Marc Benioff's ambitious $50 billion revenue target, and Wall Street thinks a big acquisition could be just what the doctor ordered
▼ + stars: | 2022-09-23 | by ( Matt Weinberger | ) www.businessinsider.com time to read: +3 min

Mirabaud analysts suggest buying a company like Box or Coupa could help Salesforce goose growth. To get there, analysts from Mirabaud suggested that an acquisition might be a smart way to goose growth towards Benioff's $50 billion revenue target. "We've bought 60 companies — we'll always buy companies," Benioff said at the event, as Bloomberg reported. "M&A has been key to headline growth for Salesforce and needed to mask slower organic growth trends," the analysts wrote. The biggest concern is that Salesforce's partners reported some trouble selling multiple products to the same customers, analysts say.

☆ Salesforce Not Slacking on Margin Focus
▼ + stars: | 2022-09-22 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

A message of austerity from Salesforce is welcome, though the cloud software giant picked an ironic time to share it. Salesforce got back into the business of packing visitors into its San Francisco hometown this week for its Dreamforce conference. The in-person aspect of the annual confab took a two-year hiatus due to the pandemic but was apparently missed; Salesforce says more than 40,000 attendees showed up this year.

☆ Salesforce's next big thing is a major push to keep its data at the center of a market increasingly dominated by firms like Snowflake
▼ + stars: | 2022-09-22 | by ( Matthew Lynley | ) www.businessinsider.com time to read: +8 min

But many tools, like Snowflake, have emerged to make Salesforce data points one of many in analytics. And Salesforce on Tuesday said it is launching a direct integration with Amazon's machine learning tool SageMaker to support custom machine learning models. At its Tableau keynote, Salesforce emphasized the company's Einstein integrations with Snowflake, with the presentation working with Snowflake data. And with these moves, Salesforce is ensuring the analysis and usage of Salesforce data and its results can remain inside Salesforce's sphere of influence. It enables organizations to connect other data lake tools and operate Salesforce data.

☆ Salesforce aims for 25% operating margin in 2026 with more efficient spending
▼ + stars: | 2022-09-21 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

The company is aiming for a 25% adjusted operating margin, including future acquisitions, she said. That compares with the 20% target Salesforce announced one year ago for its 2023 fiscal year. Salesforce indicated that it intends to push adjusted sales and marketing spending as a percentage of revenue below 35% by 2026 through increasing self-serve efforts, alliances with partners, and productivity improvements for salespeople. Additionally, Salesforce is keen to manage general and administrative spending, in part by evaluating real estate assets for a hybrid workplace. The company has begun buying back its own shares as part of its first share-repurchase program, Weaver said.

☆ Here's Bret Taylor's first big technical move at Salesforce since becoming co-CEO last year
▼ + stars: | 2022-09-20 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Ten months after his promotion to co-CEO of Salesforce, serving alongside famed founder Marc Benioff, Bret Taylor is gearing up to take the stage at the annual Dreamforce conference for the first time under his new title. It's called Genie, and it's designed to update Salesforce's dominant sales database software with modern technology that gives salespeople real-time information at their fingertips. Taylor and Benioff will deliver their keynote on Tuesday, starting at 10 a.m. Pacific Time in San Francisco. The 23-year-old company's original data storage software functions with a transactional database from Oracle, where Benioff spent 13 years before starting Salesforce. Taylor said that, over time, Genie will be integrated into Salesforce's other key products — its clouds for sales, service and commerce.

☆ Salesforce co-CEO Benioff says there's 'no finish line when it comes to security' after Uber hack
▼ + stars: | 2022-09-20 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Marc Benioff, founder, chairman and co-CEO of Salesforce, speaks at an Economic Club of Washington luncheon in Washington on October 18, 2019. Salesforce co-CEO Marc Benioff said the cloud software company has much more to do in the area of cybersecurity following an attack at Uber involving Salesforce's Slack chat app. "There's no finish line when it comes to security and social engineering," Benioff said during a press conference at Salesforce's Dreamforce conference in San Francisco on Tuesday. Most of the company's engineering team works on security and trust, said Bret Taylor, Salesforce's other co-CEO. WATCH: Salesforce was born in the 2001 recession, says chairman and co-CEO Marc Benioff

☆ What Cramer is watching Monday — bond yields up, stocks down again as Wall Street on Fed watch
▼ + stars: | 2022-09-19 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Morgan Stanley talks about the need to show why Club holding Salesforce (CRM) should stabilize out of Dreamforce conference. I think that's wrong: it's Club holding TJX Companies (TJX), off-price retailer behind T.J. Maxx, Marshall's and HomeGoods. Bank of America says do not sell Club holding Amazon (AMZN) on FedEx (FDX) warning. How about Club holding Disney (DIS)? As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Investing Club: The week in review, the week ahead — Sept. 16, 2022
▼ + stars: | 2022-09-16 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

As we saw from Starbucks (SBUX), Humana (HUM) and Danaher (DHR) this week, companies are still investing in the future despite the difficult macroeconomic environment. Conferences will continue next week and within the portfolio we look forward to hearing from Nvidia (NVDA), Salesforce (CRM) and Qualcomm (QCOM). On Thursday, initial jobless claims for the week ending Sept. 10 came in at 213,000, a decrease of 5,000 from the prior week and below expectations of 227,000. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

☆ Here’s our September rapid-fire update on all 33 stocks in Cramer’s Charitable Trust portfolio
▼ + stars: | 2022-09-15 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +11 min

Here's a rapid-fire update on every stock in the CNBC Investing Club portfolio. Halliburton (HAL) — The only energy stock in the portfolio that we haven't trimmed in recent weeks. (See here for a full list of the stocks Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ 4 takeaways from the Investing Club’s ‘Morning Meeting’ on Tuesday
▼ + stars: | 2022-09-06 | by ( Krystal Hur | ) www.cnbc.com time to read: +4 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Our trades on DVN and CRM We sold 100 shares of recently rallying Devon Energy (DVN) and bought 50 shares of beaten-up Salesforce (CRM) on Tuesday morning. Watching these bullpen stocks Some of our Bullpen names that we're keeping tabs on for buying opportunities are Palo Alto Networks (PANW), PepsiCo (PEP) and Estee Lauder (EL). (Jim Cramer's Charitable Trust is long DVN, HON, CRM. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

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