Salesforce Co-CEO Bret Taylor to Step Down, VMware CEO Raghu Raghuram on Multi-Cloud Strategy & Pure Storage CEO Charles Giancarlo on Earnings Beat 12/01/22

TechCheck

CNBC

Management, Cnbc, Tech, Faang, Investing, Business, Disruptors, Technology

4.5 • 66 Ratings

🗓️ 1 December 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our anchors begin today’s show with CNBC’s Frank Holland covering Salesforce’s latest earnings as Co-CEO Bret Taylor announces plans to leave the software company. Then, CNBC’S Kate Rooney recaps FTX Founder Sam Bankman-Fried’s comments on the crypto exchange’s collapse at the New York Times DealBook Summit, and Microsoft Executive Vice President of Cloud & AI Scott Guthrie discuses innovations across the cloud sector. Next, CNBC’s Kristina Partsinevelos breaks down the latest wave of cost cuts and layoffs across tech, and VMware CEO Raghu Raghuram explains his multi-cloud strategy. Later, CNBC’s Ylan Mui brings us the latest headlines as the Senate Agriculture Committee holds a hearing on FTX, and Pure Storage CEO Charles Giancarlo discusses the data storage firm’s latest earnings beat and guidance. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	I'm Deerreboza and you're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in.
0:10.5	Good Thursday morning. Welcome to Tech Check. I'm Deer Joezoza in San Francisco with John Fort in New York. Carl Kintania. How's the morning off?
0:16.6	Today, a ton of earnings movers to get to Merck Benioff is alone at the helm of Salesforce once again.
0:22.1	Investors warming up to Snowflake, plus Octon, Splunk get a boost.
0:25.8	Then FDX founder, Sam Bankman-Freet and met as Mark Zuckerberg speaking at the New York Times Deal Book Conference.
0:31.8	We have all the highlights.
0:33.4	And finally, Cloud Week continues.
0:34.9	We are joined by the CEOs of Microsoft, Azure, VMware, and Pure Storage.
0:39.8	John, big show ahead.
0:41.2	Indeed, and let's kick it off with Salesforce, that Enterprise giant, falling this morning,
0:45.5	despite beating on the top and bottom lines for the third quarter.
0:48.3	After the announcement that co-CEO Brett Taylor is going to leave the company at the end of January,
0:52.8	after just being promoted exactly a year ago, Taylor said in a statement the company at the end of January after just being promoted exactly a
0:55.1	year ago. Taylor said in a statement the move was to get back to his quote entrepreneurial
0:59.8	roots. Co-CEO and founder Mark Benioff is going to retake the full reins at that point.
1:06.1	Here's what Benioff told Jim Kramer on Mad Money last night.
1:10.4	It's a gut punch and, you know, running a company, and I've been doing this now for 25
1:16.3	years, you look for the best people in the world to bring them in. And the hardest part is
1:22.0	when they tell you that they want to leave. And that's where we are with Brett. Brett's going to be leaving at the end of the year.
1:33.3	Change and earnings. Let's bring in our own Frank Holland. Frank, part of this story has to be
1:37.9	the remaining performance obligations over there at Salesforce indicating a slowdown in
1:44.1	2023.
	...

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