Daily Newsletter – 21 Oct

November 2, 2024

SALESFORCE INC.

NASDAQ: CRM

Advancing on long term revenue growth trends while stabilizing earnings growth.

(Source: TradingView) 3-Month Performance Profile of CRM on a DTF compared to Dow Jones Industrial Average (DJI) and S&P 500 (SPX)
Salesforce exhibits a robust and stable trajectory of long-term sales and revenue growth, having consistently achieved revenue increases over the past five years, escalating from $17.1 billion in 2019 to $34.8 billion in 2023. The company’s latest quarterly results for the period ending July 31, 2024, further underscore this trend, with revenues reaching $9.33 billion, up from $8.76 billion in the same quarter of the previous year, reflecting a notable year-on-year growth rate of 8%. While the company’s earnings have historically shown volatility, the recent stability in quarterly performance instills confidence in its capacity to sustain both earnings and revenue growth in the upcoming year. Additionally, Salesforce’s commitment to inorganic growth is evident, particularly through its recent acquisition of a prominent data management firm, “Own.” With a balanced 14-Day RSI of 46.60 and favorable trends, Salesforce emerges as a compelling investment opportunity.

As per Pristine Gaze, you may consider a “Buy” on “Salesforce Inc” at the closing price of “$249.57” (As of 11 September 2024).


*All currency figures are in Australian Dollars unless stated otherwise.

*All data sourced from company reports and TradingView.

SALESFORCE INC.

NASDAQ: CRM

Advancing on long term revenue growth trends while stabilizing earnings growth.

(Source: TradingView) 3-Month Performance Profile of CRM on a DTF compared to Dow Jones Industrial Average (DJI) and S&P 500 (SPX)
Salesforce exhibits a robust and stable trajectory of long-term sales and revenue growth, having consistently achieved revenue increases over the past five years, escalating from $17.1 billion in 2019 to $34.8 billion in 2023. The company’s latest quarterly results for the period ending July 31, 2024, further underscore this trend, with revenues reaching $9.33 billion, up from $8.76 billion in the same quarter of the previous year, reflecting a notable year-on-year growth rate of 8%. While the company’s earnings have historically shown volatility, the recent stability in quarterly performance instills confidence in its capacity to sustain both earnings and revenue growth in the upcoming year. Additionally, Salesforce’s commitment to inorganic growth is evident, particularly through its recent acquisition of a prominent data management firm, “Own.” With a balanced 14-Day RSI of 46.60 and favorable trends, Salesforce emerges as a compelling investment opportunity.

As per Pristine Gaze, you may consider a “Buy” on “Salesforce Inc” at the closing price of “$249.57” (As of 11 September 2024).


*All currency figures are in Australian Dollars unless stated otherwise.

*All data sourced from company reports and TradingView.

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