Salesforce Has a Co-CEO…Again
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 1 December 2021
⏱️ 19 minutes
🧾️ Download transcript
Summary
Strong results in the 3rd-quarter are overshadowed by Salesforce’s guidance in Q4, but maybe the company’s 2nd attempt at a co-CEO structure will improve the picture for shareholders. Shares of Box pop 12% as the cloud storage company continues its revenue growth. Allbirds falls as revenue growth for the apparel company is outweighed by increasing losses. Maria Gallagher analyzes those stories and we kick off our annual drive to expand the universe of holiday music.
Holiday Music - Mer Jul (More Christmas) by Adolpson & Falk
Transcript
Click on a timestamp to play from that location
| 0:00.0 | It's Wednesday, December 1st, which means it's time to start the holiday music, but |
| 0:07.3 | not yet. |
| 0:08.3 | That'll come at the end of the show. |
| 0:09.3 | Welcome to Marketfoolery. |
| 0:10.3 | I'm Chris Hale, joining me from the financial capital of the United States of America, Maria |
| 0:15.9 | Gallagher. |
| 0:16.9 | Good to see you. |
| 0:17.9 | Nice to see you too. |
| 0:18.9 | But once again, we have a trio of third quarter earnings. |
| 0:21.7 | We will talk apparel. |
| 0:22.7 | We will talk cloud. |
| 0:25.1 | We're going to start with software. |
| 0:27.8 | Making headlines in more ways than one, profits and revenue were higher than expected, |
| 0:32.2 | but shares of sales force down a little more than 6% this morning, because guidance for |
| 0:38.1 | the fourth quarter was not what Wall Street wanted to see. |
| 0:41.7 | Also, President and Chief Operating Officer Brett Taylor has been promoted to COCEO and |
| 0:49.4 | Vice Chairman of the Board of Directors. |
| 0:51.3 | We will get to that decision in a minute, first in terms of the results and the guidance. |
| 0:58.4 | What stands out to you? |
| 0:59.4 | Right. |
| 1:00.4 | So like you said, the results were pretty strong. |
| 1:02.0 | Their revenue was 6.86 billion, up about 27%, which is in line with estimates. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Motley Fool, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Motley Fool and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.