Salesforce Increases Its Focus (and Buybacks)
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 2 March 2023
⏱️ 26 minutes
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| 0:00.0 | I'm Chris Hale, joining me today are Man in Colorado, Motley Fool, Senior Analyst, Tim |
| 0:21.7 | Byers. |
| 0:22.7 | Thanks for being here. |
| 0:23.7 | Thanks for having me, fully caffeinated. |
| 0:26.6 | Of earnings related things to talk about? |
| 0:30.4 | You know what else is caffeinated sales force shares today up more than 12% because sales |
| 0:36.2 | force beat expectations, kind of across the board. |
| 0:40.1 | I mean the revenue numbers sort of stand out to me as and I'm not a shareholder, but I was |
| 0:47.6 | particularly struck by the revenue number up 14% compared to a year ago. |
| 0:53.4 | Obviously sales force has been in the news lately because of layoffs because of the latest |
| 1:01.0 | co-CEO to leave. |
| 1:02.8 | It's been a pretty eventful few months for sales force, your shareholder. |
| 1:07.6 | How are you feeling and what stood out in the report? |
| 1:11.4 | Well, I'm feeling better for a couple of reasons. |
| 1:16.3 | First, the stock is up materially, so that's great. |
| 1:19.4 | But I think there's a bit of maybe sometimes we call these sorts of things relief rallies, |
| 1:27.4 | Chris. |
| 1:28.4 | And I think there's some real cognitive relief that, oh, okay, great. |
| 1:33.6 | The revenue was up materially. |
| 1:35.8 | And I think there is a bit of acknowledgement from management, particularly Mark Benioff |
| 1:42.7 | that yes, we have to be better at controlling costs because they have activist investors breathing |
| 1:50.3 | down their neck. |
... |
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