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☆ Salesforce's behind-the-scenes co-founder is tackling Slack as software company turns 25
▼ + stars: | 2024-03-09 | by ( Jordan Novet | ) www.cnbc.com time to read: +16 min

"The V2MOM had nothing about generative AI," Parker Harris, who co-founded the company with Benioff, told CNBC in an interview. Harris, a Salesforce board member and now the technology chief of Slack, which Salesforce bought in 2021, said he'd rather avoid the limelight. Without the Data Cloud, Harris told CNBC, "I think we would have been in a much worse place." He told Benioff he'd redo the plan, the person said. They'll be talking more frequently, as Harris said they're about to kick off weekly meetings on Slack and Salesforce integrations.

Persons: Parker Harris, Marlena Sloss, Marc Benioff, ChatGPT, Benioff, Salesforce, Harris, Slack, he'd, Sam Altman, Noah Berger, Robin, Batman, Frank Dominguez, Dave Moellenhoff, Bobby Yazdani, Larry Ellison, Yazdani, Dominguez, Brett Queener, who's, Queener, Salesforce.com, He's, Ruth Asawa, Josef Albers, Miles Davis, Donald Trump, Jason Alden, Marc, Kara Swisher, David Paul Morris, Adam Selipsky, it's, Stewart Butterfield, Lidiane Jones, Cal Henderson, Benioff's, Parker, Noah Weiss, Denise Dresser, Weiss, Parker Harris emoji, They'll, Salesforce integrations, Stefan Slowinski Organizations: Salesforce, Bloomberg, Getty, CNBC, Google, Microsoft, Middlebury College, Apple, San, San Francisco Bay Area, Metropolis Software, Software, Saba Software, Oracle, San Francisco's Telegraph, YouTube, Facebook, Economic, Salesforce.com Inc, Web, VMware, Employees Locations: San Francisco, Silicon Valley, English, Vermont, North Carolina, San Francisco Bay, Moellenhoff, Kincaid's, Burlingame, San Francisco's, Salesforce, France, Italy, Nantucket, San, Pacific, Davos, Switzerland, Cliff, New York, Las Vegas, Hawaii

☆ Marc Benioff just can't make up his mind on RTO
▼ + stars: | 2023-11-23 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

This is despite mandating Salesforce employees to come to the office three or more days a week. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSalesforce billionaire CEO Marc Benioff seems to have somewhat of a muddled stance on hybrid working. AdvertisementBut Benioff doesn't seem to apply this mantra to his own workforce. It just doesn't work with my personality."

Persons: Marc Benioff, —, it's, GQ isn't, Benioff, I've Organizations: GQ, Service, Engineers

Marc Benioff, CEO of Salesforce.com, speaks during a keynote at the Dreamforce 2023 conference in San Francisco on Sept. 12, 2023. Salesforce announced in a Tuesday social media post that the business software maker's Dreamforce conference for customers and partners will remain in San Francisco for one more year. In an X post of his own, Benioff said San Francisco is "now the AI capital of the world." Salesforce used this year's Dreamforce conference to show off AI capabilities integrating with technology from Anthropic and OpenAI. San Francisco reported 620 accidental drug overdose deaths in 2022, down from 640 in 2021 and 725 in 2020.

Persons: Marc Benioff, Salesforce, Sam Altman, Benioff Organizations: Salesforce.com, San Francisco Chronicle, Google, Oracle, Police, CNBC, London, Golden State Warriors, Banana, Nordstrom, Foods, CNBC PRO Locations: San Francisco, Salesforce, Francisco's, Francisco, Anthropic

☆ Salesforce gave former employees stuffed toys wearing boomerang shirts as the company seeks to bring back ex-staff amid a hiring drive
▼ + stars: | 2023-09-20 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Salesforce held an alumni event last week with 50 former executives who were gifted with stuffed animals. The company is encouraging former executives to "boomerang" amid a hiring drive. Salesforce recently announced plans to hire 3,000 people despite brutal layoffs earlier this year. Kelman, who left the company in 2011 for leadership stints at the likes of Amazon Web Services and Oracle, said it was "good timing," and rejoined as president and chief marketing officer. Salesforce said it is hiring 3,300 employees across sales, engineering, and its data cloud product teams to help grow its artificial intelligence business last week, per Bloomberg.

Persons: Salesforce, Marc Benioff, Kendall Collins, he's, Collins, Ariel Kelman, Kelman, Miguel Milano, Celonis, Brian Milham, Katie Kutzer, David Winslow, Craig Shull, Steve Fisher, Dean Robison Organizations: Service, CNBC, Bloomberg, Amazon Web Services, Oracle Locations: Wall, Silicon, San Francisco, Salesforce, Madrid

☆ Salesforce CEO says he's 'always been a remote worker,' even though some of his employees have to return to the office
▼ + stars: | 2023-09-19 | by ( Will Gendron | ) www.businessinsider.com time to read: +3 min

Salesforce's CEO opened up about remote work, saying that he doesn't "work well in an office." His comments come after Salesforce mandated some of its workers to return to the office. I've always been a remote worker my whole life," Benioff told MSNBC last week during Salesforce's annual Dreamforce conference. AdvertisementAdvertisementLike many companies, Salesforce embraced remote work during the pandemic. In June, Salesforce incentivized workers to return to the office by offering a $10 charity donation for each day an employee worked in person.

Persons: Marc Benioff, I've, Benioff, Brent Hyder, Salesforce's, Salesforce, Kara Swisher, Andy Jassy, Meta, Goldman Sachs Organizations: Companies, Service, MSNBC Locations: Wall, Silicon

☆ Insider Today: Tech's biggest lie
▼ + stars: | 2023-09-18 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +9 min

In recent years, some members of Congress have lacked a basic understanding of technology, let alone something as complex as generative AI. Marc Benioff spent much of the annual Dreamforce conference sounding the alarms on how untrustworthy generative AI is right now. Marc Benioff spent much of the annual Dreamforce conference sounding the alarms on how untrustworthy generative AI is right now. It's International Equal Pay Day. The UN General Assembly created this day in 2019 with "equal pay for work of equal value" in mind.

Persons: Mark Sumersett, isn't, Simon Simard, Daron Acemoglu, Insider's Aki Ito, Acemoglu, hasn't, Aki, It's, Nat Friedman, Rebecca Zisser, Peter Brown, Marc Benioff, Salesforce, Greg Johnson, Gary Reyes, Janette Beckman, Getty, Johnny Nunez, Lynn Goldsmith, Dakarai Akil, Tupac, Akon, Sean Kingston, Gucci Mane, There's, Carly Pearce, Valter Longo, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, MIT, Renaissance Technologies, Bloomberg Beta, McAfee, Oakland Tribune Staff, Interscope Records, Academy of Country, FOX, UN, Assembly, Getty Locations: Wall, Silicon, New York City, San Diego, London, New York

☆ Salesforce turns to 'boomerangs,' luring back former execs to help reignite growth
▼ + stars: | 2023-09-18 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Marc Benioff, chief executive officer of Salesforce.com Inc., right, greets attendees after a keynote at the company's Dreamforce conference in San Francisco on Sept. 12, 2023. Ariel Kelman had been away from Salesforce for over a decade, when he received a direct message on Twitter from CEO Marc Benioff earlier this year. "I just thought it was good timing," Kelman said in an interview at Salesforce's Dreamforce conference in San Francisco last week. Kelman spent the few months prior running marketing at a startup called Fireblocks before rejoining Salesforce in June as chief marketing officer. Kelman and Milano are among at least eight ex-Salesforce execs who have rejoined the gang in 2023, as the company approaches its 25th birthday.

Persons: Marc Benioff, Benioff, Ariel Kelman, who'd, Kelman, Miguel Milano, Milano, Brian Millham, Millham, Dreamforce . Kelman, Salesforce, Bret Taylor, it's Organizations: Salesforce.com Inc, Amazon Web Services, Oracle, Salesforce's, Salesforce, CNBC Locations: San Francisco, Salesforce, Madrid

☆ Oracle buddies up with Microsoft. Plus our take on Salesforce and Meta news
▼ + stars: | 2023-09-15 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +8 min

A new partnership between Microsoft (MSFT) and Oracle (ORCL) has the potential to benefit both Club holdings in the competitive cloud-computing landscape. Oracle, a database pioneer with more than 40 years of history operating in the market, had existing offerings geared toward Azure customers . Wall Street analysts were generally upbeat on the implications for Microsoft and Oracle, which joined the Club's portfolio a month ago. Analysts at Bernstein downplayed concerns that the deeper partnership with Microsoft will hurt Oracle's fast-growing cloud-computing service, known as Oracle Cloud Infrastructure. "This partnership also lowers the potential risk of Microsoft trying to target Oracle database customers to move off Oracle.

Persons: —, Satya Nadella, Larry Ellison, Bernstein, prem workloads, Ellison, Oracle's, Salesforce, Brian Millham, Marc Benioff, Will Cathcart, there's, Mark Zuckerberg, Jim Cramer, WhatsApp, Susan Li, Jim Cramer's, Jim, Justin Sullivan Organizations: Microsoft, Oracle, Oracle Autonomous Database, Wall Street, Barclays, Deutsche Bank, Web Services, Oracle Cloud Infrastructure, Companies, Bloomberg, Financial Times, Meta Platforms, Meta, Facebook, CNBC Locations: Salesforce, San Francisco, Redwood Shores , California

☆ Salesforce launches AI assistant across its apps including Slack and Tableau
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +1 min

The company logo for Salesforce.com is displayed on the Salesforce Tower in New York City, U.S., March 7, 2019. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsSept 12 (Reuters) - Enterprise software maker Salesforce (CRM.N) on Tuesday launched a generative AI tool that would be available across its suite of apps from instant messaging service Slack to data visualization tool Tableau and can be tailored by its clients to meet their needs. Salesforce says its Einstein Copilot can tap customer and enterprise data available on its Data Cloud to generate appropriate responses. Users will be able to embed the assistant into their websites or integrate them with messaging platforms such as Slack and Meta Platform's (META.O) WhatsApp. The company also doubled its venture capital fund for generative AI startups to $500 million in June.

Persons: Brendan McDermid, Slack, Einstein, Salesforce, Marc Benioff, OpenAI's ChatGPT, Zaheer Kachwala, Tasim Zahid Organizations: REUTERS, Enterprise, Tuesday, Meta, Microsoft, Thomson Locations: New York City, U.S, San Francisco, Bengaluru

☆ Salesforce CEO Marc Benioff: When I talk to CEOs they are all Slack-first
▼ + stars: | 2023-09-12 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSalesforce CEO Marc Benioff: When I talk to CEOs they are all Slack-firstSalesforce CEO Marc Benioff sits down with 'Mad Money' host Jim Cramer to talk AI application, what's next for Slack, the Dreamforce conference and more.

Persons: Marc Benioff, Jim Cramer, what's, Slack

☆ Salesforce CEO: 'Slack is going to be the promise of AI for a lot of our most important customers'
▼ + stars: | 2023-09-12 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Salesforce CEO: 'Slack is going to be the promise of AI for a lot of our most important customers'Salesforce CEO Marc Benioff sits down with 'Mad Money' host Jim Cramer to talk AI application, what's next for Slack, the Dreamforce conference and more.

Persons: Slack, Marc Benioff, Jim Cramer, what's

☆ Monday, Sept. 11, 2023: Cramer previews this software Club holding set to report earnings
▼ + stars: | 2023-09-11 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Monday, Sept. 11, 2023: Cramer previews this software Club holding set to report earningsJim Cramer attends the Dreamforce Conference and talks with Jeff Marks about the future of AI. Jim previews the August CPI report set to come out this Wednesday. Finally, Jim previews one software Club holding reporting quarterly earnings Monday night.

Persons: Cramer, Jim Cramer, Jeff Marks, Jim Organizations: Club, Dreamforce Conference

☆ Here are 3 things for stock investors to watch in the market in the week ahead
▼ + stars: | 2023-09-09 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

It was a down week for the major stock market benchmarks as rumors of an iPhone ban for government employees in China sparked concerns over increasing tensions between Washington and Beijing. Here's a full rundown of all the important domestic earnings reports and economic data in the week ahead. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Jim Cramer, Apple —, Jim, we'll, Einstein, Stellantis, We'll, That's, Oracle's, LEN, Jim Cramer's Organizations: Apple, Dow, Nasdaq, Broadcom, DuPont, Huawei, Nvidia, Apple Watch, Vision, Club, Google, Justice Department, United Auto Workers, General Motors, Chrysler, Ford, UAW, CPI, PPI, Oracle, Oracle Cloud Infrastructure, Microsoft, Costco, Caseys, Jim Cramer's Charitable, CNBC, Apple Inc, Getty Locations: China, Washington, Beijing, U.S, People's Republic of China, San Francisco, Shanghai

☆ Salesforce shrugs off growth concerns as reenergized CEO Benioff lifts guidance
▼ + stars: | 2023-08-30 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

Non-GAAP earnings-per-share (EPS) of $2.12 grew 78% from last year and beat the $1.90-per-share EPS predicted by analysts, Refinitiv data showed. While the solid margin beat and upside to earnings are similar to what Salesforce reported back in May, one key difference this time was the increased revenue outlook. It now expects to hit $34.7 billion to $34.8 billion, up from $34.5 billion to $34.7 billion. Salesforce raised its GAAP EPS range to $3.50 to $3.52, up from $2.67 to $2.69, and non-GAAP EPS range to $8.04 to $8.06, up from $7.41 to $7.43. Salesforce also expects its cPRO to grow slightly above 11% from last year and that's slightly better than estimates of 10.8% growth.

Persons: Refinitiv ., Salesforce, Marc Benioff, Brian Millham, Jim Cramer's, Jim Cramer, Jim, Fabrice Coffrini Organizations: Revenue, CNBC, Economic, Afp, Getty Locations: Salesforce, Americas, Europe, Africa, Asia, Davos, Switzerland

☆ Salesforce is trotting out Matthew McConaughey amid cost cuts and employees aren't happy, leaked messages show
▼ + stars: | 2023-08-08 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +2 min

Salesforce reportedly paid Matthew McConaughey $10 million a year during layoffs. McConaughey's voice appeared in Salesforce's "AI Day" event in June and Salesforce recently announced McConaughey as a speaker at the company's annual Dreamforce conference in September. But some employees are not happy about it because the McConaughey deal was made public just a month after Salesforce announced it would be conducting widespread layoffs this year. Some employees complained about the company's relationship with McConaughey in an internal Slack channel called "airing of grievances," according to messages viewed by Insider. "I was denied a promotion this cycle because of 'lack of budget' but we can throw $10mil a year at this guy?"

Persons: Salesforce, Matthew McConaughey, McConaughey's, McConaughey Organizations: Wall Street Locations: Salesforce

☆ Salesforce Earnings Hurt as Economic Concerns Weigh on Demand
▼ + stars: | 2023-03-02 | by ( Tom Dotan | ) www.wsj.com time to read: 1 min

Crowds packed Salesforce’s 2022 Dreamforce conference in San Francisco last September. Salesforce Inc.’s revenue growth remained low last quarter as concerns about the economy weighed on orders for its software. Salesforce revenue grew 14% to $8.38 billion in the three months through January. It reported a net loss of $98 million for the quarter.

☆ Salesforce Stock Surges as Software Maker Sees Its Profitability Rising
▼ + stars: | 2023-03-01 | by ( Tom Dotan | ) www.wsj.com time to read: 1 min

Crowds packed Salesforce’s 2022 Dreamforce conference in San Francisco last September. Salesforce Inc.’s shares surged Wednesday, after the company forecast its profitability would increase this fiscal year as it faces activist shareholders focused on spending levels at the business-software provider. For its just-started fiscal year, Salesforce projected widening profit margins and revenue that would surpass analysts’ forecasts.

☆ New Salesforce Has to Keep Selling
▼ + stars: | 2023-02-27 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

Salesforce put on its annual Dreamforce conference in San Francisco last year and began laying off 8,000 workers in January. Selling is the one thing Salesforce has long excelled at. The company founded by salespeople to make software for salespeople is in the midst of the worst sales slump in its history. Revenue growth for the fiscal fourth quarter ended January is expected to fall below double-digits for the first time since Salesforce went public in mid-2004. This for a company that has averaged year-over-year revenue growth of 25% per quarter even since it broke through the $10 billion annual revenue threshold in early 2018.

☆ Business-Software Companies Say Customers Are Pulling Back Amid Economic Concerns
▼ + stars: | 2022-12-04 | by ( Kathryn Hardison | ) www.wsj.com time to read: 1 min

Salesforce said its business customers are adopting behaviors typically seen in an economic downturn. Attendees at its 2022 Dreamforce conference in San Francisco. Business-software companies say customers are being more cautious with their spending in response to a challenging economy, adding to the tech industry’s list of concerns. Customers for companies such as Salesforce Inc., Okta Inc. and CrowdStrike Holdings Inc. are taking longer to sign deals, and in some cases slowing their hiring plans as they try to protect their bottom lines, the software providers reported this past week. That trend has created a cloudy outlook for many in the once-booming business-software sector, which benefited from years of demand as customers looked to use the products to trim costs and maintain their businesses during the pandemic.

☆ Salesforce shares slump nearly 10% after co-CEO Bret Taylor announces surprise departure
▼ + stars: | 2022-12-01 | by ( Rohan Goswami | ) www.cnbc.com time to read: +2 min

Salesforce shares were down about 10% by mid-day Thursday as analysts and investors digested Wednesday evening's earnings report and the surprise news that co-CEO Bret Taylor will depart by the end of Jan. 2023. Taylor's departure will leave founder Marc Benioff as the sole CEO at the tech giant. Taylor was appointed co-CEO and vice chair in Nov. 2021, having previously served as president and chief operating officer. Taylor was also chairman of the board of Twitter before billionaire Elon Musk took the company private. Taylor joined Salesforce in 2016 when his startup, Quip, was acquired by Benioff's company.

Salesforce said Wednesday that Bret Taylor will step down as co-CEO on Jan. 31, leaving Marc Benioff alone again at the top of the cloud software company he co-founded in 1999. Benioff closely embraced Taylor, who joined the company in 2016, when he sold his productivity software startup Quip to Salesforce. "I am grateful for six fantastic years at Salesforce," Taylor said in a statement on Wednesday. Before Quip, Taylor sold FriendFeed to Facebook and helped to create Google Maps. But the company's stock was down as much as 6% in after-hours trading.

☆ Salesforce cut hundreds of employees on Monday
▼ + stars: | 2022-11-08 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Salesforce on Tuesday confirmed that it cut some employees this week after the enterprise software maker saw demand lighten in some countries and industries. One person familiar with the matter said Salesforce let go of fewer than 1,000 people on Monday. Unfortunately, that can lead to some leaving the business, and we support them through their transition," a Salesforce spokesperson told CNBC in a statement. Several technology companies, Salesforce included, have announced plans to add employees at a slower rate than before this year to weather rougher business conditions as prices and interest rates move higher. One of Salesforce's top competitors in business software, Microsoft , announced a round of job cuts in October.

We're buying 25 shares of Salesforce (CRM) at roughly $147.28 each and 25 shares of Honeywell (HON) at roughly $170.28. In a very oversold market, according to our trusted S & P Oscillator , we've making two more small buys Monday afternoon. The Oscillator reached an extreme oversold reading of minus 10.66% after last week's sharp declines. As a reminder, any time the Oscillator moves below minus 4%, it signals oversold conditions in the market, which could mean it's due for a bounce. However, the Oscillator (and the market) could, of course, go even lower from here, especially as equities take their cue from the bond market.

And Jim Cramer was on site in San Francisco to talk with leading tech CEOs , including the heads of Salesforce and its subsidiary Slack. Salesforce Co-CEO Marc Benioff Benioff said Salesforce is integrating Slack into Customer 360, the company's customer relationship management platform, so that it becomes the primary messaging system for users. Quip, the word processing app Salesforce acquired in 2016, will also be integrated into Slack. Salesforce Co-CEO Bret Taylor Taylor highlighted Salesforce's shift towards profitability -- it's aiming for a 25% operating margin in 2026 by limiting spending — and commitment to returning cash to shareholders. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Salesforce is facing a huge sales challenge to Marc Benioff's ambitious $50 billion revenue target, and Wall Street thinks a big acquisition could be just what the doctor ordered
▼ + stars: | 2022-09-23 | by ( Matt Weinberger | ) www.businessinsider.com time to read: +3 min

Mirabaud analysts suggest buying a company like Box or Coupa could help Salesforce goose growth. To get there, analysts from Mirabaud suggested that an acquisition might be a smart way to goose growth towards Benioff's $50 billion revenue target. "We've bought 60 companies — we'll always buy companies," Benioff said at the event, as Bloomberg reported. "M&A has been key to headline growth for Salesforce and needed to mask slower organic growth trends," the analysts wrote. The biggest concern is that Salesforce's partners reported some trouble selling multiple products to the same customers, analysts say.

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