![]() Salesforce reported Q1 revenue of more than US$7 billion, up 24% year over year.Non-GAAP operating margin also topped expectations. #Splunk where software#"Investors looking for signs of broader enterprise software slowdowns will have to look elsewhere after wide-moat Salesforce reported solid results in the face of a variety of macroeconomic headwinds," says equity analyst Dan Romanoff. ![]() The firm is widely considered a leader in each of its served markets, which is attractive on its own, but the natural fit its solutions have with one another makes for a powerful value proposition. The software major benefits from natural cross-selling among its clouds, upselling more robust features within product lines, pricing actions, international growth, and continued acquisitions, the report adds. "After introducing the software-as-a-service model to the world, has assembled a front-office empire that it can build on for years to come," says a Morningstar equity report. represents one of the best long-term growth stories in software. It also offers Service Cloud for customer support, Marketing Cloud for digital marketing campaigns, Commerce Cloud as an e-commerce engine, the Salesforce Platform, which allows enterprises to build applications, and other solutions. The following stocks make products and services that enjoy relative immunity from economic upheavals and are regarded as a good counterweight in recessionary environments.Ĭloud computing behemoth Salesforce Inc ( CRM) offers customer relationship management technology that brings companies and customers together. With more interest rate hikes in the cards, likely putting the skids on borrowing, on both sides of the border, UK investors may want to look at recession-proofing their portfolios. ![]()
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