-0.03% to $205.62 from $205.69
What moved CRM
- Revenue rose 10.8% year over year to $11.35 billion, in line with estimates.
- Non-GAAP EPS of $5.90 beat consensus by about 80%.
- Full-year revenue guidance was raised to $46.1 billion-$46.4 billion.
- Shares surged as much as 13% in after-hours trading following the report.
Sources: StockStory · Yahoo Finance
+2.47% to $197.51 from $192.74
What moved CRM
- Salesforce was the top percentage gainer on the Dow Jones Industrial Average.
- The U.S. Department of Veterans Affairs awarded Salesforce a $1.6 billion, three-year enterprise license agreement to deploy AI-powered tools and integrated data systems across VA services.
- Salesforce promoted Miguel Milano, a former Oracle executive, to the newly created role of Chief Operating Officer under CEO Marc Benioff.
- Srini Tallapragada stepped down as President and Chief Engineering and Customer Success Officer after 14 years at the company, transitioning to a special advisor role.
Sources: Yahoo Finance · CNBC · StreetInsider
-3.22% to $186.77 from $192.98
What moved CRM
- Salesforce named Rohan Kumar, a former Microsoft executive who joined in June, as Chief Platform and Engineering Officer, elevated Miguel Milano to an operating chief role, and named Alexa Vignone as revenue chief.
- The scale of the simultaneous executive changes unsettled investors accustomed to more incremental leadership moves.
- The reshuffle came despite Erste Group upgrading Salesforce to Buy from Hold on August 4, citing its cloud-software leadership and AI positioning.
Sources: CIO · Investing.com · TradingKey