salesforce.com (CRM) PT Raised to $360 at BofA Securities, 'A multi-year AI growth cycle coming into view'

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Salesforce Announces Strong Fourth Quarter Fiscal 2024 Results

February 28, 2024 4:01 PM EST

SAN FRANCISCO--(BUSINESS WIRE)-- Salesforce (NYSE: CRM), the #1 AI CRM, today announced results for its fiscal fourth quarter and full fiscal year 2024 ended January 31, 2024.

Fourth Quarter Revenue of $9.29 Billion, up 11% Year-Over-Year ("Y/Y"), up 10% in Constant Currency ("CC") Current Remaining Performance Obligation of $27.6 Billion, up 12% Y/Y, up 13% CC FY24 Revenue of $34.9 Billion, up 11% Y/Y, up 11% CC FY24 GAAP Operating Margin of 14.4% and non-GAAP Operating Margin of 30.5% FY24 Operating Cash Flow of $10.2 Billion, up 44% Y/Y Initiates a Quarterly... More

Salesforce's Einstein Copilot is Here: The Conversational AI Assistant for CRM that Delivers Trusted AI Responses Grounded with Your Company Data

February 27, 2024 8:01 AM EST

Einstein Copilot delivers trusted responses because it's grounded in your company's unique data and metadata, enabling it to deeply understand your business and customer relationships

Einstein Copilot is natively embedded across Salesforce applications to deliver a consistent user experience that can answer questions, generate content, and dynamically automate any action to deliver better productivity, deeper customer relationships, and higher margins

Salesforce customers can access Einstein Copilot by upgrading to Einstein 1 Editions of Salesforce that include Data Cloud, AI, and CRM in a single... More