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CRM — Salesforce News Story

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TechnologyBalancedLarge CapHigh Flyer

Brief: S&P Downgrades Salesforce To 'A' On Rising M&A Activity, Shareholder Returns

BRIEF-S&P Downgrades Salesforce To 'A' On Rising M&A Activity, Shareholder Returns

- S&P:

  • S&P: SALESFORCE INC. DOWNGRADED TO 'A' ON RISING M&A ACTIVITY AND SHAREHOLDER RETURNS; OUTLOOK STABLE

  • S&P: EXPECT SALESFORCE WILL CONTINUE TO INCREASE SUBSCRIPTION REVENUE & EARNINGS BASED ON REMAINING PERFORMANCE OBLIGATIONS

  • S&P: EXPECT MOST IF NOT ALL OF SALESFORCE'S FREE OPERATING CASH FLOW TO BE ALLOCATED TOWARDS SHAREHOLDER RETURNS AND M&A

  • S&P: BELIEVE SALESFORCE CAN ACCELERATE & GROW REVENUE OVER 10% ANNUALLY

  • S&P: BELIEVE AGENTFORCE & DATA 360 OFFERINGS WILL LIKELY BE ADDITIVE TO CO’S CORE NON-AI SOFTWARE LONGER-TERM

Further company coverage: CRM.N


((Reuters.Briefs@thomsonreuters.com;))

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