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Motley Fool Hidden Gems Investing

Platforms, Platforms, Platforms

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.33.1K Ratings

🗓️ 29 February 2024

⏱️ 29 minutes

🧾️ Download transcript

Summary

For Snowflake, Okta, and Snowflake, growth may come from more products not just more customers. (00:21) David Meier and Deidre Woollard discuss: - The power of a great CFO. - What a change in leadership means for Snowflake. - Why growing revenue isn’t just about new customers. (17:00) Gary Stevenson, author of “The Trading Game,” explains what it was like to be one of the world’s top financial traders. Companies discussed: CRM, OKTA, SNOW, C Claim your Epic discount: www.fool.com/epic Host: Deidre Woollard Guests: David Meier, Gary Stevenson Producers: Mary Long, Ricky Mulvey Engineers: Dan Boyd, Desiree Jones Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

So many platforms, so little time.

0:07.6

Mottleful money starts now. Welcome to Motley Full Money, I'm DeJrow Willard here with Motley Full Endless David Meyer.

0:25.2

David how are you today?

0:26.5

I'm doing very well. How are you?

0:28.8

Good. Seems like this is a a tech Thursday, a sass Thursday.

0:35.0

Want to dive in on companies that are really kind of making the news today,

0:38.6

which are Salesforce Snowflake and Octa.

0:42.1

Let's start with Salesforce.

0:44.0

dividend. We're starting to see dividends pop up, you know, Meta did it, now Salesforce is doing

0:49.8

it. 40 cents a share. That's all right. it's a start, but to me I'm looking at this as a signal.

0:56.3

How should we be thinking about this?

0:58.2

I mean last quarter we definitely had, you know, Salesforce being more cautious, more, you know, they're not going off and

1:06.1

buying things anymore. Is this really, is this company growing up?

1:10.1

Definitely. The dividend, if you go back 10 years, there's no way a dividend was anywhere near anyone's radar.

1:17.3

And that's, you know, that's a function of Mark Binney off, quite frankly, being Mark Benny off, right?

1:22.8

He's a visionary, he's a technologist, he wanted to put it all, you know, put together all these

1:29.7

pieces and create a great company which he did.

1:33.0

But I think that where the credit needs to really go

1:38.0

is CFO Amy Weaver.

1:40.0

In 2021, she became the CFO and she had the unenviable task of trying to

1:47.0

reine Mark Benny off in to bring more fiscal discipline to the company, right?

1:51.7

To say, hey, if we're going to do an acquisition,

...

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