Salesforce Inc. (NYSE: CRM) is the world’s largest provider of cloud-based customer relationship management (CRM) services, bridging the gap between companies and customers globally.
From fiscal 2014 to fiscal 2024, Salesforce's revenue grew at a compound annual growth rate (CAGR) of 24%, due in part to significant acquisitions like Tableau and Slack.
Although it was an early player in CRM and SaaS, Salesforce faces stiff competition from not just startups but established players like Microsoft Dynamics 365 and Oracle's NetSuite.
Salesforce announced a $10 billion stock buyback alongside its first dividend, marking a significant milestone in its financial strategy as it approached fiscal 2024.
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