The CRM Leader Reports 📈

The CRM Leader Reports

Weeks after the biggest tech leaders reported their own fourth-quarter performance, the head of customer relationship management announced its earnings that had mixed reviews on Wall Street. Salesforce, one of the largest providers of CRM software, reported fourth quarter earnings that beat on both top and bottom lines. During the period, Salesforce jotted revenues of $9.29 billion and an earnings per share of $2.29, beating estimates by $70 million and 3 cents per share. Sales grew roughly 10.8% year-over-year, but the firm’s professional service revenue did decline by 9%. Its net income was positive at $1.45 billion compared to a loss last year of $98 million.

During after market trading, Salesforce’s stock fell over 6% and then sharply climbed into green territory, staying fairly flat just ahead of the market’s Thursday opening bell. The mixed reviews from investors didn’t seem to be carried by the firm’s efforts to please shareholders through its capital market announcements. For the first time in the firm’s history, Salesforce will pay a quarterly dividend of 40 cents per share alongside a $10 billion increase in its stock repurchase program. For the current quarter, Salesforce also increased its guidance with an estimate earnings per share between $2.37 and $2.39, better than analysts’ forecasts of $2.20. Nevertheless, Salesforce has been able to soar 17% this year as it continues to navigate a difficult sales environment.

learn

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.

 

ALL RIGHTS RESERVED © INVSTR LTD. 2024