4.4 • 3K Ratings
🗓️ 2 March 2023
⏱️ 26 minutes
🧾️ Download transcript
(0:20) Tim Beyers discusses:
- Shares of Salesforce popping 12% on better-than-expected 4th-quarter results
- How Salesforce has more focus but is still a business in transition
- The doubling of the company's share buyback program
(11:30) Jason Moser and Matt Frankel discuss the decline of the "Nice to have" economy.
Companies discussed: CRM, PTON, NFLX, DIS, SFIX, FIGS
Host: Chris Hill
Guests: Tim Beyers, Jason Moser, Matt Frankel
Producer: Ricky Mulvey
Engineer: Rick Engdahl
Click on a timestamp to play from that location
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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