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Salesforce (CRM)

Salesforce, the global CRM leader, empowers companies of every size and industry to digitally transform and create a 360° view of their customers.

Company profile

Ticker
CRM
Exchange
CEO
Marc Benioff
Employees
Incorporated
Location
Fiscal year end
Former names
SALESFORCE COM INC, SALESFORCE.COM, INC.
SEC CIK
Subsidiaries
Salesforce Argentina S.R.L. • Vlocity AR SRL • ClickSoftware Australia Pty Ltd • Datorama Australia Pty Ltd • ExactTarget Pty. Ltd. • SFDC Australia • Slack Australia Pty Ltd • Tableau Australia • SFDC Austria GmbH • SFDC Netherlands B.V. ...
IRS number
943320693

CRM stock data

Investment data

Data from SEC filings
Securities sold
Number of investors
4 long holdings
End of quarter 30 Jun 22
Value
 
#Shares
 
Prev Q
 
Change
%, QoQ
$64.72M 2.09M 2.09M 0
$49.92M 483.87K 483.87K 0
$31.59M 3.84M 3.84M 0
$3.14M 1.33M 1.33M 0
316.59K EXIT
Holdings list only includes long positions. Only includes long positions.

Calendar

1 Jun 22
20 Aug 22
31 Jan 23
Quarter (USD) Apr 22 Jan 22 Oct 21 Jul 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jan 22 Jan 21 Jan 21 Jan 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 6.86B 6.86B 6.86B 6.86B 6.86B 6.86B
Cash burn (monthly) (no burn) 140.42M 9.67M (no burn) (no burn) (no burn)
Cash used (since last report) n/a 517.41M 35.62M n/a n/a n/a
Cash remaining n/a 6.34B 6.82B n/a n/a n/a
Runway (months of cash) n/a 45.2 705.9 n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
18 Aug 22 Marc Benioff Common Stock Sell Dispose S No Yes 187.9328 956 179.66K 27,761,368
18 Aug 22 Marc Benioff Common Stock Sell Dispose S No Yes 187.2644 1,344 251.68K 27,762,324
18 Aug 22 Marc Benioff Common Stock Option exercise Acquire M No Yes 80.99 2,300 186.28K 27,763,668
18 Aug 22 Marc Benioff NQSO Common Stock Option exercise Dispose M No Yes 80.99 2,300 186.28K 117,716
17 Aug 22 Marc Benioff Common Stock Sell Dispose S No Yes 188.9234 189 35.71K 27,761,368
17 Aug 22 Marc Benioff Common Stock Sell Dispose S No Yes 187.9988 1,236 232.37K 27,761,557
17 Aug 22 Marc Benioff Common Stock Sell Dispose S No Yes 187.2505 875 163.84K 27,762,793
17 Aug 22 Marc Benioff Common Stock Option exercise Acquire M No Yes 80.99 2,300 186.28K 27,763,668
17 Aug 22 Marc Benioff NQSO Common Stock Option exercise Dispose M No Yes 80.99 2,300 186.28K 120,016
16 Aug 22 Marc Benioff Common Stock Sell Dispose S No Yes 190.6797 34 6.48K 27,761,368
13F holders Current Prev Q Change
Total holders 2011 2162 -7.0%
Opened positions 134 156 -14.1%
Closed positions 285 230 +23.9%
Increased positions 900 1022 -11.9%
Reduced positions 775 770 +0.6%
13F shares Current Prev Q Change
Total value 124.22B 159.41B -22.1%
Total shares 753.51M 754.81M -0.2%
Total puts 15.53M 18.24M -14.8%
Total calls 17.07M 15.84M +7.7%
Total put/call ratio 0.9 1.2 -20.9%
Largest owners Shares Value Change
Vanguard 79.35M $13.1B +2.2%
BLK Blackrock 69.09M $11.4B +0.7%
FMR 48.98M $8.08B -19.3%
TROW T. Rowe Price 46.71M $7.71B +40.6%
STT State Street 44.24M $7.3B -1.0%
MS Morgan Stanley 19.07M $3.15B +14.3%
Geode Capital Management 16.57M $2.73B +3.6%
Fisher Asset Management 15.67M $2.59B +2.9%
Jennison Associates 13.48M $2.22B -0.3%
Wellington Management 13.03M $2.15B +4.5%
Largest transactions Shares Bought/sold Change
TROW T. Rowe Price 46.71M +13.48M +40.6%
FMR 48.98M -11.74M -19.3%
LGEN Legal & General 0 -6.55M EXIT
Parametric Portfolio Associates 0 -3.24M EXIT
Harris Associates L P 5.02M +3.02M +150.6%
Aaron Wealth Advisors 13.97K -2.71M -99.5%
Public Investment Fund 2.65M +2.65M NEW
MS Morgan Stanley 19.07M +2.38M +14.3%
Matrix Capital Management 316.5K -2.31M -87.9%
Manufacturers Life Insurance Company, The 4.35M +2.26M +108.2%

Financial report summary

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Risks
  • If our security measures or those of our third-party data center hosting facilities, cloud computing platform providers or third-party service partners, or the underlying infrastructure of the Internet are breached, and unauthorized access is obtained to a customer’s data, our data or our IT systems, or authorized access is blocked or disabled, our services may be perceived as not being secure, customers may curtail or stop using our services, and we may incur significant reputational harm, legal exposure and liabilities, or a negative financial impact.
  • Defects or disruptions in our services could diminish demand for our services and subject us to substantial liability.
  • Any interruptions or delays in services from third parties, including data center hosting facilities, cloud computing platform providers and other hardware and software vendors, or from our inability to adequately plan for and manage service interruptions or infrastructure capacity requirements, could impair the delivery of our services and harm our business.
  • As we acquire and invest in companies or technologies, we may not realize the expected business or financial benefits and the acquisitions could prove difficult to integrate, disrupt our business, dilute stockholder value and adversely affect our operating results and the market value of our common stock.
  • We may fail to realize all of the anticipated benefits of the Slack acquisition, and the integration and benefits of the acquisition may take longer to realize than expected.
  • Supporting our existing and growing customer base could strain our personnel resources and infrastructure, and if we are unable to scale our operations and increase productivity, we may not be able to successfully implement our business plan.
  • If our customers do not renew their subscriptions for our services or if they reduce the number of paying subscriptions at the time of renewal, our revenue and current remaining performance obligation could decline and our business may suffer. If we cannot accurately predict subscription renewals or upgrade rates, we may not meet our revenue targets, which may adversely affect the market price of our common stock.
  • Periodic changes to our sales organization can be disruptive and may reduce our rate of growth.
  • Our ability to deliver our services is dependent on the development and maintenance of the infrastructure of the Internet by third parties.
  • Sales to customers outside the United States expose us to risks inherent in international operations.
  • As more of our sales efforts are targeted at larger enterprise customers, our sales cycle may become more time-consuming and expensive, we may encounter pricing pressure and implementation and configuration challenges, and we
  • We may lose key members of our management team or development and operations personnel, and may be unable to attract and retain employees we need to support our operations and growth.
  • Any failure in our delivery of high-quality professional and technical support services may adversely affect our relationships with our customers and our financial results.
  • The markets in which we participate are intensely competitive, and if we do not compete effectively, our operating results could be harmed.
  • Our efforts to expand our service offerings and to develop and integrate our existing services in order to keep pace with technological developments may not succeed and may reduce our revenue growth rate and harm our business.
  • Our continued success depends on our ability to maintain and enhance our brands.
  • We are subject to risks associated with our strategic investments, including partial or complete loss of invested capital. Significant changes in the fair value of this portfolio, including changes in the valuation of our investments in publicly traded and privately held companies, could negatively impact our financial results.
  • If third-party developers and providers do not continue to embrace our technology delivery model and enterprise cloud computing services, or if our customers seek warranties from us for third-party applications, integrations, data and content, our business could be harmed.
  • Social and ethical issues, including the use or capabilities of AI in our offerings, may result in reputational harm and liability.
  • Our aspirations and disclosures related to environmental, social and governance (“ESG”) matters expose us to risks that could adversely affect our reputation and performance.
  • Privacy concerns and laws as well as evolving regulation of cloud computing, cross-border data transfer restrictions and other domestic or foreign regulations may limit the use and adoption of our services and adversely affect our business.
  • Industry-specific regulations and other requirements and standards are evolving and unfavorable industry-specific laws, regulations, interpretive positions or standards could harm our business.
  • We have been and may in the future be sued by third parties for various claims, including alleged infringement of proprietary rights.
  • Any failure to obtain registration or protection of our intellectual property rights could impair our ability to protect our proprietary technology and our brand, causing us to incur significant expenses and harm our business.
  • We may be subject to risks related to government contracts and related procurement regulations.
  • We are subject to governmental sanctions and export and import controls that could impair our ability to compete in international markets and may subject us to liability if we are not in full compliance with applicable laws.
  • Because we generally recognize revenue from subscriptions for our services over the term of the subscription, downturns or upturns in new business may not be immediately reflected in our operating results.
  • If we experience significant fluctuations in our rate of anticipated growth and fail to balance our expenses with our revenue forecasts, our business could be harmed and the market price of our common stock could decline.
  • Unanticipated changes in our effective tax rate and additional tax liabilities and global tax developments may impact our financial results.
  • We are exposed to fluctuations in currency exchange rates that have in the past and could in the future negatively impact our financial results and cash flows from changes in the value of the U.S. Dollar versus local currencies.
  • Our debt service obligations, lease commitments and other contractual obligations may adversely affect our financial condition, results of operations and cash flows.
  • Current and future accounting pronouncements and other financial and nonfinancial reporting standards may negatively impact our financial results.
  • Our quarterly results are likely to fluctuate, which may cause the value of our common stock to decline substantially.
  • The market price of our common stock is likely to be volatile and could subject us to litigation.
  • Provisions in our amended and restated certificate of incorporation and bylaws and Delaware law might discourage, delay or prevent a change of control of our company or changes in our management and, therefore, depress the market price of our common stock.
  • The effects of the COVID-19 pandemic and related public health measures have materially affected how we and our customers are operating our businesses, and have in the past materially affected our operating results and cash flows; the duration and extent to which this will impact our future results of operations and cash flows remain uncertain.
  • Volatile and significantly weakened global economic conditions have in the past and may in the future adversely affect our industry, business and results of operations.
  • Natural disasters and other events beyond our control have in the past and may in the future materially adversely affect us.
  • Climate change may have an impact on our business.
Management Discussion
  • ITEM 2.     MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  • This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (“Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (“Exchange Act”). Words such as “expects,” “anticipates,” “aims,” “projects,” “intends,” “plans,” “believes,” “estimates,” “seeks,” “assumes,” “may,” “should,” “could,” “would,” “foresees,” “forecasts,” “predicts,” “targets,” “commitments,” variations of such words and similar expressions are intended to identify such forward-looking statements, which may consist of, among other things, trend analyses and statements regarding future events, future financial performance, anticipated growth, industry prospects and the anticipated impact on our business of the ongoing COVID-19 pandemic and related public health measures. These forward-looking statements are based on current expectations, estimates and forecasts, as well as the beliefs and assumptions of our management, and are subject to risks and uncertainties that are difficult to predict, including: the impact of, and actions we may take in response to, the COVID-19 pandemic, related public health measures and resulting economic downturn and market volatility; our ability to maintain security levels and service performance meeting the expectations of our customers, and the resources and costs required to avoid unanticipated downtime and prevent, detect and remediate performance degradation and security breaches; the expenses associated with our data centers and third-party infrastructure providers; our ability to secure additional data center capacity; our reliance on third-party hardware, software and platform providers; the effect of evolving domestic and foreign government regulations, including those related to the provision of services on the Internet, those related to accessing the Internet, and those addressing data privacy, cross-border data transfers and import and export controls; current and potential litigation involving us or our industry, including litigation involving acquired entities such as Tableau Software, Inc. and Slack Technologies, Inc., and the resolution or settlement thereof; regulatory developments and regulatory investigations involving us or affecting our industry; our ability to successfully introduce new services and product features, including any efforts to expand our services; the success of our strategy of acquiring or making investments in complementary businesses, joint ventures, services, technologies and intellectual property rights; our ability to complete, on a timely basis or at all, announced transactions; our ability to realize the benefits from acquisitions, strategic partnerships, joint ventures and investments, including our July 2021 acquisition of Slack Technologies, Inc., and successfully integrate acquired businesses and technologies; our ability to compete in the markets in which we participate; the success of our business strategy and our plan to build our business, including our strategy to be a leading provider of enterprise cloud computing applications and platforms; our ability to execute our business plans; our ability to continue to grow unearned revenue and remaining performance obligation; the pace of change and innovation in enterprise cloud computing services; the seasonal nature of our sales cycles; our ability to limit customer attrition and costs related to those efforts; the success of our international expansion strategy; the demands on our personnel and infrastructure resulting from significant growth in our customer base and operations, including as a result of acquisitions; our ability to preserve our workplace culture, including as a result of our decisions regarding our current and future office environments or work-from-home policies; our dependency on the development and maintenance of the infrastructure of the Internet; our real estate and office facilities strategy and related costs and uncertainties; fluctuations in, and our ability to predict, our operating results and cash flows; the variability in our results arising from the accounting for term license revenue products; the performance and fair value of our investments in complementary businesses through our strategic investment portfolio; the impact of future gains or losses from our strategic investment portfolio, including gains or losses from overall market conditions that may affect the publicly traded companies within our strategic investment portfolio; our ability to protect our intellectual property rights; our ability to develop our brands; the impact of foreign currency exchange rate and interest rate fluctuations on our results; the valuation of our deferred tax assets and the release of related valuation allowances; the potential availability of additional tax assets in the future; the impact of new accounting pronouncements and tax laws; uncertainties affecting our ability to estimate our tax rate; uncertainties regarding our tax obligations in connection with potential jurisdictional transfers of intellectual property, including the tax rate, the timing of the transfer and the value of such transferred intellectual property; uncertainties regarding the effect of general economic and market conditions; the impact of geopolitical events; uncertainties regarding the impact of expensing stock options and other equity awards; the sufficiency of our capital resources; our ability to comply with our debt covenants and lease obligations; the impact of climate change, natural disasters and actual or threatened public health emergencies; and our ability to achieve our aspirations, goals and projections related to our environmental, social and governance initiatives. These and other risks and uncertainties may cause our actual results to differ materially and adversely from those expressed in any forward-looking statements. Readers are directed to risks and uncertainties identified below under “Risk Factors” and elsewhere in this report for additional detail regarding factors that may cause actual results to be different than those expressed in our forward-looking statements. Except as required by law, we undertake no obligation to revise or update publicly any forward-looking statements for any reason.
  • We are a global leader in customer relationship management (“CRM”) technology that brings companies and customers together in the digital age. Founded in 1999, we enable companies of every size and industry to take advantage of powerful technologies, including cloud, mobile, social, voice, blockchain and artificial intelligence to connect to their customers in a whole new way and help them transform their businesses around the customer in this digital-first world.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: absorb, accomplish, acquiror, actor, age, Amsterdam, Apache, Atonit, benchmark, beneficiary, broadly, code, Connecticut, CPRA, creation, da, download, downloaded, encryption, exploited, faster, fulfill, gathered, GitHub, Heroku, illegal, improper, inadmissible, Informacao, input, learned, LLC, logic, LTDA, opposed, overturned, patching, prioritization, promptly, racial, realignment, refreshed, Shekel, stealing, subset, successor, Tecnologia, threat, Traction, uphold, Utah, VIE, wake, Zone
Removed: allegedly, answer, begun, cancelled, chair, charitable, chartered, ClickSoftware, concurrently, Conversely, dated, dedication, delaying, disclosed, discovery, disease, domestically, double, Dreamforce, equitable, executed, experiencing, expert, expire, factual, failing, forecasted, Foundation, France, good, idea, inhibiting, initiative, Ireland, led, leveraging, LIBOR, living, materiality, nominal, Overnight, owed, philanthropic, pledge, predictable, ranging, refine, reliably, remote, replaced, reserved, responsive, reverberating, SAC, safely, Scheufele, securely, shifted, Simplifying, Southern, Stability, stage, thereunder, transition, unintended, upcoming, variation, Vlocity, Washington, Western, wrongdoing, York

Patents

Utility
Elastic Data Partitioning of a Database
18 Aug 22
A database entry may be stored in a container in a database table corresponding with a partition key.
Design
Display screen or portion thereof with graphical user interface
16 Aug 22
Inventors: Denise Nicole Francis, Paul Joseph Nix
Utility
Application programming interface for integration flow design
16 Aug 22
Approaches for data processing are described that include initializing a plurality of compute instances configured to support a design session for an integration flow, receiving, from a client, an application programming interface (API) request at an API, the API request including one or more design parameters associated with the integration flow, provisioning, for the design session and from the plurality of initialized compute instances, one or more compute instances based on the one or more design parameters, evaluating an integration flow configuration associated with the integration flow, the evaluating based on the one or more design parameters, and terminating the one or more compute instances upon completion of the design session.
Utility
Change list-based snapshots of applications for development and testing
16 Aug 22
Change list-based snapshots of applications for development and testing are described.
Utility
Multiversion concurrency control of database records with uncommitted transactions
16 Aug 22
Systems and methods provide multi-version concurrency control of database records with uncommitted transactions.