Tag Archives: CRM

3 Reasons Salesforce.com Stock Is a Buy After Q2 Earnings

Shares of customer relationship management (CRM) leader Salesforce.com (NYSE:CRM) are rallying back toward their all-time high set last autumn.

The cloud software giant posted financial results that handily beat its own expectations for the second quarter of fiscal 2022 (the three months ended July 2021), and CEO Marc Benioff and his team had plenty of good news to report on continued long-term momentum. This top cloud stock remains a buy in my book following the earnings update for three reasons.

1. The core business is still going strong

Salesforce’s revenue increased....More>>>

Post-Pandemic Salesforce Stock Emerges as Czar of the ‘Cloudless’ Cloud

Every large enterprise would like the hybrid cloud salesforce.com (NYSE:CRM) has built for itself. CRM stock is off 3% since the start of September.

Source: Bjorn Bakstad / Shutterstock.com

Salesforce has its own network of data centers but it’s far from being a Cloud Czar. Over the last 12 months Salesforce’ capital spending has been just $657 million. True Cloud Czars like Amazon (NASDAQ:AMZN) spend billions in cash flow each quarter on data centers.

But by combining public clouds with its own resources, Salesforce gives its customers the impression that....More>>>