Key Developments: Salesforce.com Inc (CRM)
45.55USD
23 May 2013
$-0.23 (-0.50%)
$45.78
$43.44
$45.66
$43.02
2,990,817
6,011,308
$47.58
$30.05
Latest Key Developments (Source: Significant Developments)
Salesforce.com Inc Signs Agreement To Establish European Data Centre In U.K. In 2014
Salesforce.com Inc announced that it has signed an agreement with NTT Europe, a wholly owned subsidiary of NTT Communications, to establish a European data centre in the U.K. Scheduled for completion in 2014, the new data centre will be salesforce.com's sixth worldwide and will support the Company's cloud computing services across its growing customer base in Europe, Middle East and Africa. Full Article
Salesforce.com Inc Announces Pricing of $1 Billion Offering of 0.25% Convertible Senior Notes Due 2018
Salesforce.com Inc announced the pricing of $1 billion aggregate principal amount of convertible senior notes due 2018 in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Act"). Salesforce.com also granted the initial purchasers of the notes an option to purchase up to an additional $150 million aggregate principal amount of the notes to cover overallotments. The sale of the notes to the initial purchasers is expected to settle on March 18, 2013. The notes will be unsecured, unsubordinated obligations of salesforce.com, and interest will be payable semi-annually at a rate of 0.25% per year. The initial conversion rate is 3.7628 shares of common stock per $1,000 principal amount of notes (which is equivalent to an initial conversion price of approximately $265.76 per share). Prior to January 1, 2018, the notes will be convertible only upon the occurrence of specified events; thereafter until maturity the notes will be convertible at any time. Salesforce.com expects to use a portion of the net proceeds for the cost of the convertible note hedge transactions after such cost is offset by the proceeds of the warrant transactions described above, and to use the remaining proceeds for general corporate purposes, including funding possible acquisitions of, or investments in, complementary businesses, services or technologies, working capital and capital expenditures. Full Article
Salesforce.com Inc Announces Proposed $1 Billion Offering Of Convertible Senior Notes Due 2018
Salesforce.com Inc announced its intention to offer, subject to market and other conditions, $1 billion aggregate principal amount of convertible senior notes due 2018 in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Act). Salesforce.com also expects to grant the initial purchasers of the notes an option to purchase up to an additional $150 million aggregate principal amount of the notes to cover overallotments. Salesforce.com expects to use a portion of the net proceeds for the cost of the convertible note hedge transactions after such cost is offset by the proceeds of the warrant transactions described above, and to use the remaining proceeds for general corporate purposes, including funding possible acquisitions of, or investments in, complementary businesses, services or technologies, working capital and capital expenditures. Full Article
Salesforce.com Inc Issues Q1 2014 Guidance In Line With Analysts' Estimates; Raises FY 2014 Revenue Guidance; Issues FY 2014 EPS Guidance In Line With Analysts' Estimates
Salesforce.com Inc announced that for the first quarter of 2014, it expects revenue to be in the range of $882 million to $887 million and GAAP net loss per share to be in the range of ($0.44) to ($0.42), while diluted non-GAAP EPS to be in the range of $0.40 to $0.42. For fiscal 2014, it expects revenue to be in the range of $3.82 billion to $3.87 billion and GAAP net loss per share is expected to be in the range of ($1.22) to ($1.18) while diluted non-GAAP EPS to be in the range of $1.93 to $1.97. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $886 million and EPS of $0.42 for the first quarter of 2014; revenue of $3.85 billion and EPS of $1.95 for fiscal 2014. Full Article
Salesforce.com Inc Issues Q4 2013 Guidance; Raises FY 2013 Guidance; Issues FY 2014 Revenue Guidance
Salesforce.com Inc announced that for the fourth quarter of 2013, it expects revenue to be in the range of $825 million to $830 million, GAAP net loss per share to be in the range of ($0.25) to ($0.23), while diluted non-GAAP EPS to be in the range of $0.38 to $0.40. For fiscal 2013, it expects revenue to be in the range of $3.041 billion to $3.046 billion, GAAP net loss per share to be in the range of ($2.02) to ($2.00) while diluted non-GAAP EPS to be in the range of $1.50 to $1.52. For fiscal 2014, it expects revenue to be in the range of approximately $3.80 billion to approximately $3.85 billion. Full Article
Salesforce.com Inc Raises FY 2013 Revenue Guidance-Conference Call
Salesforce.com Inc announced that for fiscal 2013, it expects to exceed $3 billion in revenue. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $3.033 billion for fiscal 2013. Full Article
Salesforce.com Inc Reaffirms FY 2013 Revenue Guidance-Conference Call
Salesforce.com Inc announced that for fiscal 2013, it expects revenue to be around $3 billion. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $3.031 billion for fiscal 2013. Full Article
Salesforce.com Inc Issues Q3 2013 Guidance; EPS Guidance Below Analysts' Estimates; Raises FY 2013 Revenue Guidance; Lowers FY 2013 EPS Guidance
Salesforce.com Inc announced that for third quarter of 2013, it expects revenue to be in the range of $773 million to $777 million, GAAP net loss per share to be in the range of ($0.27) to ($0.26), while diluted non-GAAP EPS is expected to be in the range of $0.31 to $0.32. For fiscal 2013, it expects revenue to be in the range of $3.025 billion to $3.035 billion, GAAP net loss per share to be in the range of ($0.75) to ($0.72) while diluted non-GAAP EPS is expected to be in the range of $1.48 to $1.51. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $771 million and EPS of $0.34 for third quarter of 2013; revenue of $3.022 billion and EPS of $1.49 for fiscal 2013. Full Article
Salesforce.com Inc Completes Acquisition of Buddy Media
Salesforce.com Inc announced that it has completed its acquisition of Buddy Media, social media marketing platform. With the close of the acquisition, the Buddy Media team joins the Salesforce Marketing Cloud. Full Article
Salesforce.com Inc and Twitter Announce Global Strategic Alliance
Salesforce.com Inc and Twitter announced a strategic global alliance to provide Twitter's Firehose of public Tweets to Salesforce Radian6 customers. This combination allows businesses to analyze the more than 400 million Tweets generated daily to listen, fuel engagement and gain customer insight. This latest effort builds on an existing three-year relationship between the two social pioneers. Salesforce.com and Twitter have announced a global strategic alliance that provides full access to the Twitter Firehose of public Tweets to Salesforce Radian6 customers. This alliance allows social enterprises to turn the massive volume of social conversations about their products, brand and industry into dynamic engagements that strengthen customer relationships. Full Article
Salesforce sets 4-for-1 stock split
March 21 - Salesforce.com Inc said on Thursday its board of directors had approved a 4-for-1 stock split as its shares continued an almost unbroken four-year ascent.
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