It's been a tumultuous year for cloud software pioneer Salesforce (NYSE: CRM), capped off by an especially tumultuous last few months. After enduring fast-rising interest rates due to the U.S. Federal Reserve, a subsequent rapid run-up in the value of the dollar, inflation and recessionary fears biting into customers' budgets, and a slew of executives leaving, Salesforce has now been dealing with activist investors pressuring it to aggressively cut costs and focus attention on profitability. Despite the odds, co-founder and CEO Marc Benioff delivered the goods in typically grandiose fashion. Read More...
It’s been a tumultuous year for cloud software pioneer Salesforce (NYSE: CRM), capped off by an especially tumultuous last few months. After enduring fast-rising interest rates due to the U.S. Federal Reserve, a subsequent rapid run-up in the value of the dollar, inflation and recessionary fears biting into customers’ budgets, and a slew of executives leaving, Salesforce has now been dealing with activist investors pressuring it to aggressively cut costs and focus attention on profitability. Despite the odds, co-founder and CEO Marc Benioff delivered the goods in typically grandiose fashion.
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