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Built on Salesforce and Google Cloud platforms, consumer goods companies can use Aforza to digitally transform product distribution and customer engagement. Continue reading Consumer goods software company Aforza bags $22M to open US headquarters
Salesforce just closed a $28 billion mega-deal to buy Slack, generating significant debt along the way, but it’s not through spending big money. Today the CRM giant announced it was taking a leap into streaming media with Salesforce+, a forthcoming digital media network with a focus on video that, in the words of the company, […] Continue reading Salesforce wants Salesforce+ to be the Netflix of biz content
Last month Jeff Bezos announced he would step down as CEO of Amazon later this year, moving into the executive chairman role, while passing the baton to AWS CEO Andy Jassy. Could Marc Benioff, co-founder, chairman and CEO at Salesforce be the next big-name executive to make a similar move? A Reuter’s story published on […] Continue reading Could Marc Benioff be the next CEO to move to executive chairman?
Wall Street investors can be fickle beasts. Take Salesforce as an example. The CRM giant announced a $5.82 billion quarter when it reported earnings yesterday. Revenue was up 20% year over year. The company also reported $21.25 billion in total revenue for the just closed FY2021, up 24% YoY. If that wasn’t enough, it raised […] Continue reading Salesforce delivers, Wall Street doubts as stock falls 6.3% post-earnings
When Salesforce acquired Quip in 2016 for $750 million, it gained CEO and co-founder Bret Taylor as part of the deal. Taylor has since risen quickly through the ranks of the software giant to become president and COO, second in command behind CEO Marc Benioff. Taylor’s experience shows that startup founders can sometimes play a […] Continue reading Salesforce has built a deep bench of executive talent via acquisition
In a case of bizarre timing, Salesforce announced it was laying off 1000 employees at the end of last month just a day after announcing a monster quarter with over $5 billion in revenue, putting the company on a $20 billion revenue run rate for the first time. The juxtaposition was hard to miss. Earlier […] Continue reading Salesforce announces 12,000 new jobs in the next year just weeks after laying off 1000
Salesforce launched in 1999, one of the early adherents to what would eventually be called SaaS and cloud computing. On Tuesday, the company reached a huge milestone when it surpassed $5 billion in revenue, putting the SaaS giant on a $20 billion run rate for the first time. Salesforce revenue has been on a firm […] Continue reading How Salesforce beat its own target to reach $20B run rate ahead of schedule
In what felt like strange timing, Salesforce has confirmed a report in yesterday’s Wall Street Journal that it was laying off around 1000 people or approximately 1.9% of the company’s 54,000 strong workforce. This news came in spite of the company reporting a monster quarter on Tuesday in which it passed $5 billion in quarterly […] Continue reading Salesforce confirms it’s laying off around 1000 people in spite of monster quarter
In spite of a positive quarter with record revenue that beat analyst estimates, Salesforce stock was taking a hit today because of lighter guidance. Wall Street is a tough audience. The stock was down $8.29/share or 4.58% as of 2:15 pm ET. The guidance, which was a projection for next quarter’s earnings, was lighter than […] Continue reading Salesforce stock is taking a hit today after lighter guidance in yesterday’s earning’s report
In a Twitter thread on Tuesday, Salesforce CEO Marc Benioff outlined an eight-step plan to keep people safe and find treatments and a vaccine for the COVID-19 virus, all while working to find a way to get people back to work safely. He also asked that all CEOs take a 90-day “no lay off” pledge […] Continue reading Salesforce’s Benioff pledges no ‘significant’ layoffs for 90 days