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Salesforce, Inc. (CRM), headquartered in San Francisco, California, provides Customer Relationship Management technology that connects companies and customers. Valued at $241.40 billion by market cap, the company provides on-demand Customer Relationship Management (CRM) software for sales, marketing, customer service, analytics, and custom application development.
The leading cloud-based software company has underperformed the broader market over the past year. CRM has gained 17.7% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 18.2%. In 2024, shares of CRM are down 5.3%, while the SPX is up 11.5% on a YTD basis.