Over the past quarter of a century, Salesforce (CRM) has become one of the global leaders in the cloud-based software industry. In 2022 alone, Salesforce's revenue topped $31 billion, a more than 18% year-over-year increase. But what led to Salesforce's growth in the cloud computing industry? Beyond the Ticker takes a closer look at some of the company's biggest moments. 1999 Salesforce was founded by former Oracle executive Marc Benioff, Parker Harris, Dave Moellenhoff, and Frank Dominguez, specializing in software as a service (SaaS). 2000 The dot com bubble burst, and the company was forced to lay off 20% of its employees. On February 7, 2000, Salesforce.com officially launched an event themed around “The End of Software” at San Francisco’s Regency Theater featuring The B-52s. 2003 Salesforce continued to grow, with its revenue skyrocketing to over $100 million by December 2003. 2004 In June 2004, the company went public via initial public offering (IPO) on the New York Stock Exchange at $11 per share. 2009 Salesforce had an annual revenue of just over $1 billion. That same year, Salesforce launched Service Cloud for customer service and support automation. 2014 Salesforce debuted Trailhead, a free online learning platform empowering anyone — regardless of education level — to develop the skills needed to land top tech jobs. 2016 The company launched Einstein, the first comprehensive artificial intelligence (AI) technology for customer relationship management (CRM), making AI accessible to every company and business user. 2020 Salesforce was added to the Dow Jones Industrial Average (^DJI), replacing energy giant ExxonMobil (XOM). 2021 Salesforce completed the acquisition of Slack for $27.7 billion, its largest acquisition to date. 2023 The company introduced the next generation of Einstein AI, Einstein GPT, the world’s first generative AI for CRM. From its humble beginnings to a market cap of over $276 billion, Salesforce now stands as one of the world's most distinguished software companies. From tech giants to retail titans, Beyond the Ticker is a historical series that takes a deep dive into some of Wall Street's trending companies and how they transformed into the financial icons they are today. Check out more of our Beyond the Ticker series, and be sure to tune in to Yahoo Finance. Editor's note: This video was produced by Zach Faulds.
ExxonMobil's (XOM) assets in Argentina encompass stakes in seven oil and gas blocks in the Vaca Muerta region.
The Progressive and Archer Daniels Midland are part of the Zacks Bull and Bear of the Day article.