Salesforce CEO Marc Benioff hints at no big acquisitions any time soon - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

United States Headlines News

United States Latest News,United States Headlines

CEO Marc Benioff says that Salesforce doesn't 'really see an M&A environment,' hinting that it won't be making any more big acquisitions any time soon

His comments come as Salesforce reported a big earnings beat for the second quarter, bringing in $5.15 billion in revenue, and reporting earnings per share of $1.40. Both were above Wall Street's estimates.

Analysts previously speculated that Salesforce would have to do more acquisitions to keep up its rapid pace of growth, but Benioff's comments on Tuesday suggest the company is thinking otherwise. Those remarks came as a surprise to at least one analyst, who believes that Salesforce will still make deals if the timing and valuation were just right.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside the $415,000-a-month Hamptons cottage where Rihanna vacationed this summer - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Is inside the house made with gold? Snore.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Salesforce's Marc Benioff claims a 'victory for stakeholder capitalism''This is a moment when we need to be thinking not just about how to serve all of our customers, but also how to take care of our communities because they are in so much pain,' Benioff said. PATH Disrupted I don't like looking at either Salesforce or metlife Marc I’m a dividend investor I would like to own SALESFORCE How about considering dividends
Source: CNBC - 🏆 12. / 72 Read more »

Palantir is said to ready S-1 filing as soon as Monday - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Culture Trip's founder and CEO Kris Naudts steps down - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Palantir CEO Karp says Silicon Valley lacks patriotism in S-1 filing - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 🤣🤣🤣 Palantir takes themselves way too seriously for a loss-making business that hasn't even listed yet My new social media design. How is it? Looking for multiple design socialmedia branding corporate promotional professional Contact me Facebook Twitter Instagram LinkedIn PalantirTech should reveal its connection to the Kremlin and white nationalism.🤔
Source: BusinessInsider - 🏆 729. / 51 Read more »

Zappos's retiring CEO lives in a tiny home trailer park — take a look - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »