Company Of The Day: Salesforce.com

+52.89%
Upside
147
Market
224
Trefis
CRM: Salesforce logo
CRM
Salesforce

What?

Salesforce.com (NASDAQ:CRM) posted a stronger than expected set of Q3 FY’22 results with revenue coming in at $6.86 billion, up 27% year-over-year, and adjusted EPS standing at $1.27 a share.

However, guidance for the January quarter came in weaker than expected and the company also projected growth in current remaining performance obligations – an indicator of its future growth – at just 19%, down from 23% last quarter.

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  6. Forecast Of The Day: Salesforce Cloud-Based CRM Revenue

So What?

CRM stock declined by about -12% in Wednesday’s trading, as investors appear to be pricing in slower growth going forward.

See Our Complete Analysis For Salesforce.com

What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.

 Returns Dec 2021
MTD [1]
2021
YTD [1]
2017-21
Total [2]
 CRM Return -14% 17% 279%
 S&P 500 Return 0% 23% 106%
 Trefis MS Portfolio Return 0% 44% 292%

[1] Month-to-date and year-to-date as of 12/2/2021
[2] Cumulative total returns since 2017

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