S&P Downgrades Salesforce To 'A' On Rising M&A Activity, Shareholder Returns
Nov 4 (Reuters) - 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