Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Salesforce announced its Q4 and full year results for fiscal 2024, reporting a strong performance across all its key metrics.</li><li>This signifies an exceptional year for the company, with revenue, margin, earnings per share (EPS), cash flows, and current remaining performance obligations (cRPO) all recording increased growth.</li><li>The overall transformation seen in Salesforce and its industry has been noted to be substantive, primarily driven by the surge in artificial intelligence.</li></ul>

Salesforce announced its Q4 and full year results for fiscal 2024, reporting a strong performance across all its key metrics.This signifies an exceptional year for the company, with revenue, margin, earnings per share (EPS), cash flows, and current remaining performance obligations (cRPO) all recording increased growth.The overall transformation seen in Salesforce and its industry has been noted to be substantive, primarily driven by the surge in artificial intelligence.

salesforce.com Inc: Can The Spiff Acquisition Truly Enhance Their Offerings & Create Synergies? - Major Drivers

<ul><li>In this remarkable quarter, Salesforce announces a double-digit revenue growth, in line with market expectations with a non-GAAP margin exceeding 30%.</li><li>Revenue for the quarter at $8.7 billion, marking an 11% YoY increase, solidifies Salesforce as the third-largest enterprise software company by revenue.</li><li>The company's successes include an 80% growth in deals exceeding $1 million, the introduction of the Data Cloud with 1,000 new customers, and the groundbreaking Einstein GPT Copilots, capturing 17% of the Fortune 100.</li></ul>

In this remarkable quarter, Salesforce announces a double-digit revenue growth, in line with market expectations with a non-GAAP margin exceeding 30%.Revenue for the quarter at $8.7 billion, marking an 11% YoY increase, solidifies Salesforce as the third-largest enterprise software company by revenue.The company's successes include an 80% growth in deals exceeding $1 million, the introduction of the Data Cloud with 1,000 new customers, and the groundbreaking Einstein GPT Copilots, capturing 17% of the Fortune 100.

Salesforce Inc.: Can The Acquisition Of Airkit.ai Be A Game Changer? - Major Drivers

<ul><li>Salesforce delivered an all-around beat in the previous quarter.</li><li>The company's non-GAAP operating margin increased in the quarter.</li><li>Salesforce also had fantastic victories throughout the quarter with JPMorgan, Bayer, FedEx, Maersk, as well as the Department of Veterans Affairs.</li></ul>

Salesforce delivered an all-around beat in the previous quarter.The company's non-GAAP operating margin increased in the quarter.Salesforce also had fantastic victories throughout the quarter with JPMorgan, Bayer, FedEx, Maersk, as well as the Department of Veterans Affairs.

Salesforce Inc.: Can The New Starter CRM Put Salesforce On A Different Level Of Growth? - Major Drivers

<ul><li>Salesforce managed to exceed analyst expectations in terms of revenue as well as earnings.</li><li>Due to this, it significantly exceeded its margin target for this quarter and delivered an increase in operating margin.</li><li>In revenue, Salesforce delivered 8.2 billion.</li></ul>

Salesforce managed to exceed analyst expectations in terms of revenue as well as earnings.Due to this, it significantly exceeded its margin target for this quarter and delivered an increase in operating margin.In revenue, Salesforce delivered 8.2 billion.

Salesforce.com Inc.: What Is Its Biggest Competitive Advantage? – Key Drivers

Value Investing

Vladimir Dimitrov, CFA

<ul>
<li>Most of the red flags that I have outlined before are now being taken care of, but I remain cautious for the time being.</li>
<li>The market continues to react negatively to what was in my view a very good quarter, says Salesforce's chief executive.</li>
<li>A lot has changed since I first covered Salesforce (<span class="ticker-hover-wrapper">NYSE:CRM</span>), back in December of 2020.</li>
</ul>


Most of the red flags that I have outlined before are now being taken care of, but I remain cautious for the time being.
The market continues to react negatively to what was in my view a very good quarter, says Salesforce's chief executive.
A lot has changed since I first covered Salesforce (NYSE:CRM), back in December of 2020.


Salesforce: The Market Is Once Again Missing The Forest For The Trees

United States

salesforce.com, inc. provides software on demand. The Company supplies a customer relationship management service to businesses worldwide providing a technology platform for customers and developers to build and run business applications. Clients use salesforce.com to manage their customer, sales and operational data.

Salesforce.Com Inc (CRM US)

salesforce.com Inc: Can The Spiff Acquisition Truly Enhance Their Offerings & Create Synergies? - Major Drivers

Salesforce announced its Q4 and full year results for fiscal 2024, reporting a strong performance across all its key metrics. This signifies an...

Baptista Research

Salesforce Inc.: Can The Acquisition Of Airkit.ai Be A Game Changer? - Major Drivers

In this remarkable quarter, Salesforce announces a double-digit revenue growth, in line with market expectations with a non-GAAP margin exceeding...

Baptista Research

Salesforce Inc.: Can The New Starter CRM Put Salesforce On A Different Level Of Growth? - Major Drivers

Salesforce delivered an all-around beat in the previous quarter. The company's non-GAAP operating margin increased in the quarter. Salesforce also...

Baptista Research

Salesforce.com Inc.: What Is Its Biggest Competitive Advantage? – Key Drivers

Salesforce managed to exceed analyst expectations in terms of revenue as well as earnings. Due to this, it significantly exceeded its margin...

Baptista Research

Salesforce: The Market Is Once Again Missing The Forest For The Trees

Most of the red flags that I have outlined before are now being taken care of, but I remain cautious for the time being.

Vladimir Dimitrov, CFA