Salesforce chair and CEO Marc Benioff speaks at the World Economic Forum in Davos, Switzerland on Jan. 18, 2024.Salesforce shares rose about 1.5% in extended trading on Wednesday after the business software maker reported robust fiscal second-quarter results that beat estimates and raised its full-year profit outlook.The company also announced president and CFO Amy Weaver will step down. She will remain at the company as the CFO until a successor is appointed and, after that, will stay on as an advisor.Here ...

财务业绩 - 第二季度营收93.3亿美元，同比增长8%，按固定汇率计算同比增长9%，其中订阅及支持收入87.6亿美元，同比增长9%，按固定汇率计算同比增长10%[2] - 第二季度GAAP经营利润率为19.1%，非GAAP经营利润率为33.7%[2] - 当前剩余履约义务为265亿美元，同比增长10%，按固定汇率计算同比增长11%[2] - 第二季度经营现金流为8.9亿美元，同比增长10%，自由现金流为7.6亿美元，同比增长20%[2] - 公司总收入同比增长8.4%，达到92.65亿美元[29] - 订阅和支持服务收入占总收入的94%，同比增长9.5%[29,33] - 毛利率为77%，较上年同期提高2个百分点[33] - 研发投入占总收入的15%，同比增长12%[33] - 销售和营销费用占总收入的35%，同比增长3.1%[33] - 净利润为14.29亿美元，同比增长12.8%[29] - 每股摊薄收益为1.47美元，同比增长14.8%[29] 现金流和资产负债 - 现金及现金等价物余额为84.72亿美元[36] - 账面无形资产总额为53.89亿美元[36] - 未偿还债务总额为94.26亿美元[36] - 公司三个月和六个月期间的经营活动产生的现金流量净额分别为8.92亿美元和71.39亿美元[1] - 公司三个月和六个月期间的自由现金流量分别为7.55亿美元和68.39亿美元[61] 非GAAP财务指标 - 公司三个月和六个月期间的非GAAP营业利润分别为31.44亿美元和60.72亿美元[53] - 公司三个月和六个月期间的非GAAP营业利润率分别为33.7%和32.9%[53] - 公司三个月和六个月期间的非GAAP净利润分别为24.95亿美元和49.02亿美元[54] - 公司三个月和六个月期间的非GAAP每股摊薄净收益分别为2.56美元和5.01美元[54] - 公司剔除股票激励费用、收购无形资产摊销和重组费用等非经常性项目后的非GAAP财务指标[62][63][64][65][66][67][68] - 公司采用固定的长期非GAAP税率以提高各期间的可比性[68] 业务表现 - 公司三个月期间各业务线的订阅和支持收入同比增长率为销售10%、服务11%、平台及其他10%、营销及商务7%、集成及分析14%[49] - 公司三个月期间各地区的总收入同比增长率为美洲8%、欧洲11%、亚太16%[51] - 公司提供了常汇率信息，以评估公司的基础业务表现，不受外汇波动的影响[70] 未来展望 - 公司预计第三季度营收为93.1亿美元至93.6亿美元，同比增长7%[7] - 公司维持全年营收为377亿美元至380亿美元的指引，同比增长8%-9%，维持全年订阅及支持收入增长略低于10%，按固定汇率计算约10%[7] - 公司更新全年GAAP经营利润率指引为19.7%，更新非GAAP经营利润率指引为32.8%[7] - 公司提高全年经营现金流增长指引至23%-25%[7]

文章核心观点 - 作为客户关系管理(CRM)软件行业的领导者,Salesforce公司拥有21.70%的市场份额 [1] - 公司股价在最近一季度财报发布后下跌20%,但分析师认为这是市场的过度反应 [1] - Salesforce公司的基本面依然强劲,未来发展前景看好 [1][2] 行业和公司分析 行业分析 - CRM软件行业预计将以13%的复合年增长率增长,到2026年市场规模将达到2900亿美元 [3] - Salesforce公司凭借其全面的云计算软件产品组合和人工智能能力,有望充分把握行业增长机遇 [3] 公司分析 - Salesforce通过并购战略不断扩大市场地位和产品线,如收购MuleSoft、Tableau和Slack等 [4] - 公司正在加大对人工智能技术的投入,Data Cloud产品有望成为未来重要的增长引擎 [5] 财务表现和前景 - 第一季度公司营收同比增长11%至91.3亿美元,略低于预期 [6] - 但公司保持了较高的盈利能力,非GAAP经营利润率达32.1% [7] - 公司现金流充沛,有望继续通过并购和股票回购等方式推动业务发展 [7] 估值分析 - 公司当前估值水平低于同行,股价存在上升空间 [8][9] - 基于现金流折现模型,公司内在价值约为308美元,较当前价格有15%的安全边际 [9][10] 总结 - Salesforce作为CRM行业的领导者,凭借强大的产品和技术优势,以及良好的财务状况,未来发展前景看好 [11][12] - 当前股价存在一定折价,为长期投资者提供了良好的机会 [10][12]

Vault CRM Service Center now available for life sciences inside sales, contact center, and hybrid repsVault CRM Suite to unify sales, marketing, medical, and service for true customer-centricityPLEASANTON, Calif., Aug. 27, 2024 /PRNewswire/ -- Veeva Systems (NYSE: VEEV) today announced Veeva Vault CRM Service Center for inside sales, contact center, and hybrid reps. Supporting inbound and outbound engagement across channels, Vault CRM Service Center includes case management, video calls, telephony integrati ...

Salesforce (CRM) is set to announce second-quarter fiscal 2025 results on Aug 28. The Zacks Consensus Estimate of $2.35 for the company’s second-quarter non-GAAP EPS indicates a 10.9% year-over-year increase.While the bottom-line projection might appear to be a positive indicator, the reality is more nuanced, especially when compared to (more than) 35% growth that Salesforce has consistently delivered in the past six quarters.Slowing Sales Growth: A Critical IssueOnce a beacon of double-digit revenue growth ...

Needham analyst Scott Berg expressed views on Salesforce, Inc. CRM ahead of its second quarter results release on August 28, 2024.The analyst writes that following a weak first quarter, they expect Salesforce to report limited upside in the second quarter due to ongoing macroeconomic pressures on spending.The analyst remains cautious as demand softness is noted across most cloud segments, including Service Cloud, which had previously been a strong performer.Berg expects Salesforce’s Data Cloud to be a focal ...

文章核心观点 - Salesforce即将发布Q2财报,分析师普遍预期公司可能会超出收入和利润预期 [2][3] - 公司近期通过Salesforce Einstein、收购等方式提升了产品竞争力,同时也在进行成本优化 [2][3] - 与同行相比,Salesforce的估值水平较低,且过去10年收入增长较快,这是看好其前景的原因 [5][7][8] - 但公司增长放缓,未来增长预期也较低,存在一定估值风险 [9] - 公司面临来自小型AI公司的竞争压力,以及大型科技公司在AI领域的优势,存在一定长期风险 [10][11] 公司相关 - 公司Q2财报预期可能会超出分析师预期 [2][3] - 公司通过Salesforce Einstein等AI创新和新产品推动增长 [2][3] - 公司近期收购Spiff和Airkit.ai等公司有助于提升收入 [3] - 公司正在进行成本优化,包括裁员等,有助于提升利润率 [3] - 公司估值水平较同行较低,且过去10年收入增长较快 [5][7][8] - 但公司增长放缓,未来增长预期较低,存在一定估值风险 [9] 行业相关 - 公司面临来自小型AI公司的竞争压力,这些公司提供更简单、实施成本更低的替代方案 [10] - 大型科技公司在AI领域的优势,可能会长期对公司构成威胁 [10][11]

wdstockSalesforce (NYSE:CRM) offers one of my favorite suites of products thanks to its AI CRM platform. Everyone knows about its steady revenue growth, which has more than tripled from $10.5B in FY2018 to $34.9B in FY2024, making it the leader in the industry. In addition, Salesforce ended FY2024 with $56.9B in remaining performance obligations, which is a strength of the business. However, only recently the company switched to profit mode at the request of several activist investors, achieving a 30.5% ...

Analysts on Wall Street project that Salesforce.com (CRM) will announce quarterly earnings of $2.35 per share in its forthcoming report, representing an increase of 10.9% year over year. Revenues are projected to reach $9.23 billion, increasing 7.3% from the same quarter last year.The current level reflects a downward revision of 0.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projecti ...

Salesforce (CRM) is scheduled to release second-quarter fiscal 2025 results on Aug 28.For the fiscal second quarter, the company projects total revenues between $9.20 billion and $9.25 billion (midpoint $9.225 billion). The Zacks Consensus Estimate for revenues is pegged at $9.23 billion, which indicates an increase of 7.3% from the year-ago quarter’s reported figure.CRM anticipates non-GAAP earnings per share in the band of $2.34-$2.36 for the second quarter. The consensus mark for non-GAAP earnings has be ...