Shares of salesforce.com, inc. (NYSE:CRM) ended Wednesday session in red amid volatile trading. The shares closed down -0.41points or -0.54% at $75.01 with 5.57 million shares getting traded. Post opening the session at $75.07, the shares hit an intraday low of $74.58 and an intraday high of $75.61 and the price vacillated in this range throughout the day. The company has a market cap of $51.60 billion and the numbers of outstanding shares have been calculated to be 685.00million shares.
On Sept. 7, 2016 Demandware®, a Salesforce (CRM) company and the industry-leading provider of enterprise cloud commerce solutions, released its Q2 2016 Shopping Index. Based on the buying activity of more than 400 million shoppers worldwide, the report found that retailers’ charge towards “mobile-only” strategies continued into Q2 2016, while the growth of digital commerce continued.
The Q2 2016 Shopping Index reveals that shopping attraction, which measures the change in number of shoppers visiting digital commerce sites, increased 24 percent year over year (YoY). Shopper spend, which is measured by calculating the change in conversion rate and average order value, fell 1 percent YoY. Together, the changes in shopping attraction and shopper spend yield a Shopping Index value of 22 percent digital commerce growth in Q2 2016.
The dramatic increase in shopping attraction highlights a fundamental shift that retailers are dealing with: buyers are making more visits, and doing so across multiple devices.
To quantify this new reality of omnichannel shopping, Demandware has developed a new metric – buying intent – that measures which visitors have real buying intent and which visitors are just browsing, using key shopping activities including site searches, add-to-carts and checkouts. According to the Q2 2016 Shopping Index, 16 percent of shoppers show real buying intent on digital channels. Notably, mobile shoppers continue to send real buying signals, with buying intent increasing 8 percent on phones year-over-year (YoY)– the highest of any device.
“In new reality of omnichannel shopping, it’s important for retailers to understand which visitors are truly considering making purchases, and which shoppers are merely looking,” said Rick Kenney, head of consumer insights at Demandware, a Salesforce company. “Overwhelmingly, we’re seeing shoppers showing true buying intent in digital, and yes, that means mobile shoppers.”
Shares of International Business Machines Corp. (NYSE:IBM) ended Wednesday session in green amid volatile trading. The shares closed up +1.29 points or -0.80% at $161.64 with 2.87 million shares getting traded. Post opening the session at $160.19, the shares hit an intraday low of $160.00 and an intraday high of $161.76 and the price vacillated in this range throughout the day. The company has a market cap of $155.28 billion and the numbers of outstanding shares have been calculated to be 955.84 million shares.
On Sept. 6, 2016 International Business Machines Corp. (IBM) has been named a Leader in the IDC MarketScape: Worldwide Oil and Gas Professional Services Vendor Assessment1 for its cloud, cognitive technology and industry focused thought leadership.
This year’s report – the IDC MarketScape: Worldwide Oil and Gas Professional Services 2016 Vendor Assessment – reconfirms IBM’s position as a leader based on a thorough survey of thirteen leading oil and gas professional services providers. The report measures capabilities in business and management consulting, IT consulting, systems integration (SI), IT outsourcing and business process outsourcing.
“We are investing in industry specific cognitive, IOT and cloud-based analytics to help our clients compete and succeed in light of the dynamic market forces that are shaping the industry,” said John Brantley, general manager, IBM Oil and Gas Industries. “Our continuing leadership position confirms that our unique blend of business expertise and cognitive technology helping our clients dynamically evolve to overcome unique challenges posed by low oil prices.”
The survey notes IBM has been serving the oil and gas industry for more than 50 years, with a client list that includes more than 500 oil and gas companies worldwide. It also highlights IBM’s focus on cognitive computing and predictive modeling as unique areas the company has focused on for oil and gas clients. Solutions that the survey calls out include IBM Watson and IBM Bluemix.
IDC Energy Insights said it believes IBM is executing well, its strategy looks excellent, and that the focus on Watson and cognitive will be a key differentiator for IBM in the industry.
“IBM has an excellent ecosystem of partners across the spectrum, which ranges from the real-time system providers (shop floor) to the strategy consulting domain (board room),”said Chris Niven, Research Director, IDC Energy Insights Oil & Gas. “IBM continues to strategically align people and delivery and is well positioned to deliver against the challenges of the global energy industry.”