Girish Kumar’s TenCore Partners is Investing in These 5 Technology Stocks

3. Salesforce.com, Inc. (NYSE:CRM)

Kumar’s Stake Value: $86,166,000
Percentage of Girish Kumar’s 13F Portfolio: 12.41%
Number of Hedge Fund Holders: 108

Salesforce.com, Inc. (NYSE:CRM) is a cloud-based software company headquartered in San Francisco, California. The company provides a number of services relating to customer service, application development and analytics. Ranked 3rd on the list of the 10 technology stocks Girish Kumar’s TenCore Partners is investing in, Salesforce.com, Inc. (NYSE:CRM) has a market capitalization of $250.78 billion.

Girish Kumar’s TenCore Partners currently owns 352,750 shares of Salesforce.com, Inc. (NYSE:CRM), worth $86.16 million and representing 12.41% of the fund’s total portfolio. The company last released its earnings report on August 24, 2021, with a reported earning of $1.48 per share on an adjusted basis, beating the consensus forecast of $0.93 per share by $0.55. The company also reported a revenue of $6.34 billion for that quarter.

ClearBridge Investments, in its Q1 2021 investor letter, mentioned Salesforce.com, Inc. (NYSE:CRM). Here is what the fund said:

“We added to our software-as-a-service (SaaS) exposure with the initiation of SaaS leader salesforce.com, which develops software for customer relationship management (we added Workday, which enterprise resource planning applications, last quarter). Saleforce.com is well-positioned in the most attractive end markets in software and will benefit from secular drivers such as remote work and the digital transformation. Salesforce.com is a sustainability leader as well, with a commitment to carbon-neutral cloud, toward which it has set a goal of 100% renewable energy for global operations by fiscal year 2022. The company has a strong focus on equality, in terms of equal rights, pay, education and opportunity. As a data company it has been leading on workforce disclosures and seeks to have 50% of its U.S. workforce made up of underrepresented groups by 2024.”