Salesforce (CRM) delivered impressive third quarter earnings along with an upbeat profit forecast for the remainder of the year, sending shares 9% higher Thursday morning. They’ve since settled around 6%. The company saw earnings improve 51% year over year to $2.11 per share, narrowly beating the consensus of $2.06 per share. Revenue grew as [...]
Salesforce (CRM) delivered its 4th quarter earnings yesterday after trading hours, and the stock is up 12% so far in Thursday’s session. The company’s cost-cutting efforts are starting to pay off in a major way. Revenue itself soared 14% up to $8.38 billion, but what really has investors and analysts excited is profitability. The [...]
It wasn’t a great start to the new year for 10% of Salesforce employees who were laid off early Wednesday. The company overextended itself during the pandemic and now, amidst recession fears, is taking a more defensive approach to staffing. As many as 8,000 people will be let go in the coming weeks. CEO [...]
Salesforce (CRM) board of directors has recently approved a $10 billion stock buyback program - the first in the software firm's history. This news comes on the heels of a good quarter for earnings and revenue. And yet, the company’s executives are skeptical about the future - and have trimmed back their 2023 fiscal [...]
