Salesforce shares have declined recently, losing 7.43% over the past month and producing a 24.35% year-to-date loss, with a one-year decline of 3.38% and market capitalization near $239.15 billion. Institutional selling rose as 1,274 institutional owners reduced positions while institutional ownership remains near 82%. CEO Marc Benoiff reported AI now performs up to 50% of workloads with about 93% accuracy. Salesforce agreed to acquire Informatica for $8 billion at $25 per share and pledged a $1 billion investment in Singapore over five years, promoting Agentforce to address workforce challenges. Salesforce remains the largest cloud-based CRM and SaaS provider.
Shares of Salesforce Inc. (NYSE: CRM) lost 7.43% over the past month after sliding 1.58% the month prior. That has dragged down the stock's year-to-date loss to 24.35%. Over the past year, CRM is in the red, down 3.38%. Amid that slump, the company's market cap has shrunk to around $239.15 billion, with 1,274 institutional owners having decreased their positions.
In June, CNBC reported that CEO Marc Benoiff said AI is now doing up to 50% of the workload at Salesforce, with the technology reaching about 93% accuracy. On May 27, it was announced that Salesforce is acquiring cloud data management company Informatica in an $8 billion deal. The company will be paying $25 per share of Informatica's Class A and Blass B-1 common stock.
One colloquial phrase from the business world that has uniquely developed in the 21 st century is "Customer Relationship Management," or CRM, which was coined by the Gartner Group in the late 1990s. Both CRM and "Software as a Service" (SaaS) have since become synonymous with a San Francisco software management company that has become an industry behemoth, even taking "CRM" as its stock ticker.
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