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Top related persons:
Marc Benioff - 1 Dell - 1 Salesforce - 1 Benioff - 1 Brett Tighe - 1 Daniel Dines - 1 Dines - 1 Rob Enslin - 1
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Search resuls for: "Peter Gassner"


2 mentions found


☆ Software stocks got pummeled this week after a cluster of troubling earnings reports
  + stars: | 2024-06-01 | by ( Jordan Novet | ) www.cnbc.com   time to read: +4 min
And Veeva's CEO said on his company's earnings call that generative artificial intelligence has been "a competing priority" for customers. Add it all up and it was a brutal week for software and enterprise tech. "Every enterprise software company kind of has adjusted" since after the pandemic, Benioff said on his company's earnings call. "Macroeconomic headwinds are still out there," Okta finance chief Brett Tighe said on the company's earnings call. Veeva CEO Peter Gassner cited "disruption in large enterprises as they work through their plans for AI."
Persons: Marc Benioff, Dell, Salesforce, Benioff, Brett Tighe, Daniel Dines, Dines, Rob Enslin, Tomer Weingarten, Peter Gassner, Gassner, Zscaler, Jay Chaudhry, — CNBC's Ari Levy, FBB, Mike Bailey Organizations: Salesforce, Economic, Computing Fund, Dell, Barclays, CNBC Locations: Davos, Switzerland, Paycom, U.S, UiPath, reprioritize
☆ Salesforce faces an underappreciated risk: Platform customers jumping ship like Veeva
  + stars: | 2023-03-04 | by ( Jordan Novet | ) www.cnbc.com   time to read: +4 min
Veeva built its core software on top of Salesforce's app-development platform, but that will be coming to an end in 2025. Peter Gassner, Veeva's founder and CEO, ran the Salesforce platform before starting Veeva in 2007. "Peter has been an outstanding CEO," Benioff was quoted as saying in 2017, as the two companies deepened their partnership. The agreement between the companies holds that Veeva is on the hook to pay Salesforce as Veeva customers use Salesforce's platform — and costs have risen as more people have come to rely on Veeva. But it has grown into a profitable publicly traded software company with $2 billion in annual revenue and a $28 billion market capitalization.
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