Salesforce (CRM) Q1 Earnings to Gain From Digital Transformation

Salesforce CRM is scheduled to report first-quarter fiscal 2024 results on May 31. The cloud-based software maker’s first-quarter performance is likely to have benefited from the robust demand environment as customers are undergoing a major digital transformation. Click here to know how CRM’s overall fiscal first-quarter results are likely to be. Cloud Adoption to Boost Q1 Revenues The rapid adoption of software-as-a-service-based platforms amid the ongoing hybrid working trend is expected to have spurred the demand for Salesforce’s cloud-based solutions. Salesforce’s diverse cloud offerings are likely to have helped expand its clientele, fueling the top line. Salesforce’s initiatives to capitalize on the overseas demand for cloud-based applications are anticipated to have bolstered the top line during the period in discussion. Further, the improved customer experience is anticipated to have aided the cloud segment. Salesforce Inc. Price and EPS Surprise Salesforce Inc. price-eps-surprise | Salesforce Inc. Quote Salesforce’s ability to provide an integrated solution for customers’ business problems is expected to have been the key driver. CRM’s Customer 360 Truth platform, which helps connect the data from sales, service, marketing and commerce and build a single Salesforce ID for each customer, is likely to have boosted its performance. Also, its […]

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