Salesforce Rights The Ship

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.3 • 3.1K Ratings

🗓️ 31 August 2023

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

It’s been a turbulent few quarters for Salesforce but a focus on cost cuts is paying off. (00:15) Tim Beyers and Deidre Woollard discuss: - How Salesforce improved its margins. - What role AI plays in Salesforce’s future. - CrowdStrike’s land-and-expand model for growth. (21:12) Deidre Woollard interviews thredUP CEO James Reinhart on resale as a service and the company’s plans for continued growth. Companies discussed: CRM, CRWD, MSFT, ZS, TDUP Host: Deidre Woollard Guests: Tim Beyers, James Reinhart Producer: Ricky Mulvey Engineers: Rick Engdahl, Tim Sparks Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Salesforce finds responsibility, but it still has AI dreams.
0:09.4	Motley Full Money starts now.
0:15.0	Welcome to Motley Full Money.
0:16.4	I'm Deja Woolard.
0:17.4	I'm here with Motley Full Analyst Tim Byers.
0:19.9	We're doing another tech Thursday with earnings from Salesforce and CrowdStrike to go through.
0:24.5	Hi, Tim.
0:25.5	How are you?
0:26.5	Fully caffeinated.
0:27.5	Ready to go.
0:28.5	Glad to hear it.
0:29.5	Well, Tim, I'm kind of an earnings call person.
0:32.5	I like to kind of check the vibes.
0:34.4	And so I listened to the Salesforce call last night.
0:38.4	CEO Mark Benioff.
0:39.6	He sounded like a man who had been through a war.
0:43.0	He emerged out the other side.
0:44.7	He said the phrase couldn't be happier about five times.
0:48.4	So that seems pretty good.
0:50.0	The company did raise guidance and margins are doing great.
0:53.8	Is Salesforce back?
0:55.8	He's feeling it, isn't he?
	...

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