External broker reports(aggregated public sources), CMB International

CMB International

Incorporated in Hong Kong, supported by the mainland and targeting in global market, CMB International Capital Corporation Limited (“CMBI”) is an integrated financial institution providing comprehensive and professional services. As a wholly-owned subsidiary of China Merchants Bank ("CMB"), by leveraging on the Group’s synergy and coordination in domestic and overseas markets, as well as CMB’s strong resources and outstanding social reputation, CMBI and its subsidiaries have been actively implementing diversified business strategies and set up an overall layout of main business segments including Corporate Finance, Asset Management, Wealth Management, Global Markets and Structured Finance, etc. Adhering to the philosophy of “being clients oriented and increasing our own values by the way of creating value for clients”, CMBI endeavors to provide quality and integrated financial services to institutional, corporate and individual customers both domestic and overseas including Hong Kong IPO sponsorship and underwriting, share placement and rights issue for listed companies, financial advisors, bonds issuance services, asset management, direct investment, wealth management, equity sales and trading, etc.

External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>Salesforce announced 1QFY27 results: total revenue grew by 13% YoY to US$11.1bn, in line with Bloomberg consensus estimate; non-GAAP operating income increased by 22% YoY to US$3.87bn, 5% ahead of consensus estimate thanks to the enhanced operating efficiency from AI.</li><li>Agentforce and Data 360 maintained strong momentum, with ARR up by over 200% YoY to US$3.4bn in 1QFY27.</li><li>Looking ahead, management guides total revenue to grow by 10-11% YoY to US$11.27-11.35bn in 2QFY27E, and remains upbeat on the reacceleration of organic revenue growth in 2HFY27E. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Salesforce announced 1QFY27 results: total revenue grew by 13% YoY to US$11.1bn, in line with Bloomberg consensus estimate; non-GAAP operating income increased by 22% YoY to US$3.87bn, 5% ahead of consensus estimate thanks to the enhanced operating efficiency from AI.Agentforce and Data 360 maintained strong momentum, with ARR up by over 200% YoY to US$3.4bn in 1QFY27.Looking ahead, management guides total revenue to grow by 10-11% YoY to US$11.27-11.35bn in 2QFY27E, and remains upbeat on the reacceleration of organic revenue growth in 2HFY27E. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Salesforce (CRM US) - 1QFY27 Review: Solid Agentforce Growth; Accelerating Capital Return

Salesforce.Com Inc

Salesforce (CRM US) - 1QFY27 Review: Solid Agentforce Growth; Accelerating Capital Return