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Salesforce
NYSE: CRM Technology IT 🔎 Screen
Dow 30 S&P 500
$157.6B
Market Cap
27.2
P/E
0.99
PEG
6.3%
ROCE
12.4%
ROE
0.28
D/E
20.1%
OPM
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🌏 Global Investor Returns
Currency-adjusted total returns for CRM including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
Shareholding
About

Salesforce, Inc. provides customer relationship management technology services that connect companies and customers together in the United States, Europe, and the Asia Pacific.

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⭐ Superinvestors Holding CRM
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Manager Shares Value % of Fund Period
Jeff Ubben ValueAct Holdings 2.99M $559.0M 9.79% Mar 2026
Cathie Wood ARK Investment Management 6.1K $1.1M 0.01% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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3-Statement Financial Model
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🎙 Management Tone Mixed → Stable 4 quarters Full tone analysis in Intelligence →
Good quarter Investor Presentation One-Pager? Q1 2027
Revenue
$11.13B
+13% YoY
GAAP Operating Margin
21.1%
+1.3pp YoY
Non-GAAP Operating Margin
34.8%
+2.5pp YoY
GAAP Diluted EPS
$2.42
+52% YoY
What Went Right
  • Revenue $11.13B, 13% YoY growth, ahead of guide driven by Informatica and services
  • Agentforce ARR surpassed $1B, with 98 deals over $1M net new ACV in Q1
  • Slack contributed nearly half of million-plus wins, up 80% YoY, and AWUs grew 350% QoQ
What to Watch
  • Softness in Commerce Cloud and Tableau, with increased softness in Tableau bookings and renewals
  • cRPO growth of ~13% constant currency was in line with guidance, not accelerating
  • Debt issuance for $25B ASR created ~5-point headwind to operating and free cash flow growth
Management Guidance
  • Q2 FY27 revenue $11.27B to $11.35B, growth ~10% constant currency
  • FY27 revenue raised to $45.9B-$46.2B, maintaining non-GAAP operating margin 34.3%
  • FY27 operating cash flow and free cash flow growth revised to ~4-5% (from higher) due to ASR debt
Investor Lens
The thesis of durable growth driven by agentic AI and platform expansion is stronger after this call. Agentforce quickly crossed $1B ARR, Slack is reaccelerating, and the headless strategy opens new monetization surfaces. However, weaknesses in Commerce and Tableau, combined with cRPO in line with guidance rather than accelerating, temper near-term enthusiasm. The raised FY revenue midpoint and confidence in H2 organic re-acceleration support long-term conviction.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG Strong quarter with revenue beat and Agentforce momentum
Revenue
Total revenue reached $11.13B, up 13% YoY (12% CC), ahead of guidance. Growth was driven by Agentforce, Data 360 (including Informatica), and Slack, partially offset by softness in Commerce Cloud and Tableau. Subscription & support revenue was $10.6B, up 14% YoY (12% CC) including $428M from Informatica.
Profitability
GAAP diluted EPS was $2.42, up 52% YoY, and non-GAAP diluted EPS was $3.88, up 50% YoY. Profitability benefited from operational leverage and the $25B ASR which reduced share count by 10% YoY, contributing $0.23 to GAAP and non-GAAP EPS.
Margins
GAAP operating margin was 21.1%, up 130 bps YoY. Non-GAAP operating margin was 34.8%, up 250 bps YoY, driven by disciplined cost management and productivity gains from AI tools (e.g., Slackbot saved 3.8M annualized employee hours).
Balance Sheet
Operating cash flow was $6.7B, up 3% YoY, and free cash flow was $6.6B, up 4% YoY. The company returned $27.5B to shareholders via $27.1B in repurchases (including $25B ASR) and $365M in dividends. Debt issuance for the ASR created a ~5-point headwind to cash flow growth.
Key Risks
Ongoing weakness in Marketing Cloud, Commerce Cloud, and Tableau bookings/renewals. cRPO growth of 13% CC was in line with guidance, not accelerating, raising questions about the pace of H2 re-acceleration. The Informatica on-prem business creates license revenue volatility. Currency headwinds are expected to persist (~$300M impact on FY revenue).
Outlook
Q2 FY27 revenue guided to $11.27B-$11.35B, ~10% CC growth. Full-year FY27 revenue guidance raised to $45.9B-$46.2B, with organic subscription revenue re-acceleration expected in H2. Non-GAAP operating margin maintained at 34.3%, and cash flow growth revised to ~4-5% due to the ASR debt impact.
Generated by AI · Q1 2027 results · Not investment advice
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📊 Analysis Methodology

This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

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Information Sources:
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