Salesforce (CRM) Q4 FY1/24 Earnings Review

Sitting comfortably in the old folks’ home with a pipe

• Salesforce is growing old mostly gracefully, but whilst revenue growth is gently slowing, cashflow margins are below best in class for a mature software company.

• We rate at Hold on technicals; valuation is a little pricey but nothing to trigger a buy or a sell decision in and of itself.

• Read on - the detail matters in this note.

DISCLAIMER: This note is in…