Both Salesforce and Oracle are formidable forces in the cloud enterprise software market. Which one is a better investment option?
Shares of Salesforce Inc. ( NYSE: CRM ) fell by 2.14% over the past month, brining the stock's year-to-date loss to more than 20%.
Salesforce has become a cash flow story. Despite recent market volatility, I view CRM as being recession-resistant and a clear buying opportunity due to its robust business model. Consensus estimates may be optimistic, but I expect CRM to sustain 35%-40% net margins, offering potential for double-digit returns and possible multiple expansion.
Software - Application Industry | Technology Sector | Mr. Marc R. Benioff CEO | NYSE Exchange | US79466L3024 ISIN |
United States Country | 72,682 Employees | 18 Dec 2024 Last Dividend | 18 Apr 2013 Last Split | 23 Jun 2004 IPO Date |
Salesforce, Inc., a pioneer in Customer Relationship Management (CRM) technology, plays a crucial role in bridging the gap between companies and their customers globally. Since its inception in 1999, Salesforce has been headquartered in San Francisco, California, and has consistently innovated its offerings to cater to the evolving needs of businesses of all sizes, across various industries. The company's CRM technology is designed to help companies store critical data, monitor leads and progress, forecast opportunities, and gain valuable insights through advanced analytics and artificial intelligence. Salesforce's commitment to delivering personalized and trusted customer support at scale exemplifies its customer-centric approach. Through its comprehensive suite of services and platforms, Salesforce enables businesses to build customer-focused workflows and applications, engaging learning platforms, effective marketing strategies, personalized commerce experiences, and robust analytics solutions. Additionally, Salesforce's integration services and vertical-specific services ensure customers in industries like financial services, healthcare, and government can leverage tailored solutions to meet their unique needs.