Salesforce issued quarterly results that we think the market would have liked in a vacuum.
Sure, cRPO was a little light and the fiscal fourth quarter revenue guide midpoint missed by a hair . However, what the market wants to see most right now from tech companies is the pivot from growth to profitability. Salesforce delivered that with non-GAAP operating margins expanding to a new record. Overshadowing the results is the news that Taylor is stepping down.
07 billion Revenue attrition remained below 7.5%, a sign that customers cannot operate without Salesforce's mission-critical service despite the difficult operating environment. Other Notes As mentioned above, Taylor announced Wednesday evening he will step down on Jan. 31, 2023 as co-CEO, a role he was promoted to exactly one year ago. That leaves co-founder Benioff as sole CEO. Benioff told Jim Cramer that Taylor's exit is a "gut punch.
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Bret Taylor to step down as Salesforce co-CEOSalesforce co-CEO Bret Taylor will step down from the role on January 31, leaving co-founder Marc Benioff as the sole chief executive of the software giant.
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Salesforce says Bret Taylor to step down as co-CEOSalesforce Inc said on Wednesday that Bret Taylor would step down as co-chief executive officer in January and that co-founder Marc Benioff will become the CEO.
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Salesforce Co-CEO Bret Taylor to Step DownBret Taylor will depart as Salesforce’s co-CEO, with co-founder Marc Benioff becoming the sole chief executive
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Salesforce co-CEO Bret Taylor leaving, stock falls after lower-than-expected forecastSalesforce reported that third-quarter net income fell to $210 million, or 21 cents a share, compared with $468 million, or 47 cents a share, in the year-ago period. $CRM also revealed the departure of co-CEO Bret Taylor, and shares fell after hours:
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CEO of Plano-based vehicle interior company receives 40 under 40 recognition - CEO SpotlightKyle Bailey, the CEO and founding partner of Plano-based NuVinAir was recognized earlier this month by Auto Remarketing as one of the industry's 40 under 40 recipients. NuVinAir is a franchise-supported company that creates healthy vehicle interiors for the automotive industry.
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