Salesforce $CRM Co-CEO Marc Benioff on AI, Change & Leading with Trust

Marc Benioff: Business is the Greatest Platform for Change

Salesforce.com, Inc. $CRM Chairman and Co-CEO Marc Benioff discusses how artificial intelligence (AI) is transforming the tech industry and beyond, the importance of leading with trust, and why business is the greatest platform for change. Goldman Sachs video above published Feb 22, 2019.

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Salesforce.com, Inc. $CRM Q4 FY18 Results, LIVE Webcast Replay

Salesforce Projects Revenue That Tops Estimates

Bloomberg Technology video published Feb 28, 2018: Bloomberg's Cory Johnson discusses Salesforce's earnings on "Bloomberg Technology."

Salesforce.com, Inc. (NYSE: CRM):

UPDATE: NYSE: CRM Feb 28, 5:35 PM EST 116.25USD Price decrease -0.22 (0.19%)
After-hours: 118.10 Price increase +1.59%

Salesforce.com, Inc. - Investor Relations--Salesforce's Fourth Quarter and Full Year Fiscal 2018 Results--Salesforce Announces Record Fourth Quarter and Full Year Fiscal 2018 Results Feb 28, 2018, Highlights:
Raises FY19 Revenue Guidance by $150 Million to $12.60 Billion to $12.65 Billion
- Fourth Quarter Revenue of $2.85 Billion, up 24% Year-Over-Year, 21% in Constant Currency
- Full Year Revenue of $10.48 Billion, up 25% Year-Over-Year, 24% in Constant Currency
- Deferred Revenue of $7.09 Billion, up 28% Year-Over-Year, 25% in Constant Currency
- Unbilled Deferred Revenue of Approximately $13.3 Billion, up 48% Year-Over-Year
- Fourth Quarter Operating Cash Flow of $1.05 Billion, up 49% Year-Over-Year
- Full Year Operating Cash Flow of $2.74 Billion, up 27% Year-Over-Year

LIVE Webcast Replay Feb 28, 2018 5:00 PM ET

For those who prefer to dial-in:
Domestic 866-901-SFDC (7332)
International 706-902-1764
Passcode: 9190744

Replay available until March 30, 2018:
(855) 859-2056 or (404) 537-3406
Passcode: 9190744"
Tweets by salesforce_IR

Salesforce.com (NYSE:CRM) Q4 EPS of $0.35 beats by $0.01. Revenue of $2.85B (+24.5% Y/Y) beats by $40M--more at SeekingAlpha.com.

Salesforce.com Reports Earnings On Wednesday Above The Cloud With An Elevated P/E Ratio - Salesforce.com, Inc. (NYSE:CRM) | SeekingAlpha.com: "Fundamentally, the P/E ratio is elevated with the 2017 actual of 434.62 according to Nasdaq.com. Technically, Salesforce is a pure momentum stock. It’s above a ‘golden cross’ on its daily chart and is overbought on its weekly chart."

📌 .@Isobar just launched a Digital Strength Index to measure the digital performance of the top 1000+ public companies in America like @McDonalds @Google and @adidas: https://t.co/TLqutDjjcV pic.twitter.com/qmeNfw1V0H

— Salesforce (@salesforce) February 25, 2018

Digital Transformation Drives Future Revenue Growth: The Isobar Digital Strength Index - Salesforce Blog | salesforce.com: "In short, companies that invest more in digital transformation actually outperform their peers over time. Those companies are more prepared for disruption, better able to monetize new digital channels, and build a bigger user base. This phenomenon exists regardless of industry. Interestingly, it tends to be somewhat stronger in laggard industries."

A new app “Philanthropy Cloud,” built by Salesforce & distributed by United Way aims to connect employees to their corporate-matched donations, & offer a platform to encourage more giving, more volunteering, & more connection to the causes being funded. https://t.co/cKQdqRfVkD

— Marc Benioff (@Benioff) February 27, 2018

See also on Domain Mondo: News Review | ICANN WHOIS & EU GDPR: Points of View (Salesforce video).

What is a CRM?

Salesforce video above published Aug 14, 2017: This is a simple definition of CRM: Customer relationship management (CRM) is a technology for managing all your company’s relationships and interactions with customers and potential customers. The goal is simple: Improve business relationships. A CRM system helps companies stay connected to customers, streamline processes, and improve profitability.

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Marc Benioff on Marissa Mayer, Stakeholders, CEO Success, Accountability

"Multistakeholder dialogue" is the key for CEO success today says Salesforce CEO Marc Benioff

In the video above, Marc Benioff, Chairman and Chief Executive Officer at Salesforce.com, explains what goes into being a great and successful CEO (focus on ALL stakeholders, accountability), examines the performance of Yahoo (YHOO) Chief Executive Officer Marissa Mayer, talks about CEO pay versus performance, and IBM. He speaks on "Bloomberg ‹GO›," December 2, 2015.

Interesting note: who does Marc Benioff look up to as his "role model"? Unilever's Paul Polman. See CEOs Can't Be 'Slaves' To Shareholders -Forbes.

Salesforce.com, Inc. 5-year Stock Chart above (source: google.com)

Stock Exchange: Symbol  NYSE: CRM

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'We May See A Lot Of Dead Unicorns' (video), China, and the Fed

"You only find out who is swimming naked when the tide goes out"--Warren Buffett

UPDATE August 26, 2015:  The Emperor Wears No Clothes--China stocks fall again despite interest rate cut--

• China’s Stocks Slump as Rate Cut Fails to Stop $5 Trillion Rout - Bloomberg Business 
• SHCOMP Shanghai Stock Exchange Composite Index: closed DOWN at 2,927.288 (-37.679  -1.27%)
• China market slump: Shares end lower despite rate cut - BBC News
• Meet Jim Chanos: The man who said China is in the midst of an unsustainable credit bubble - The Economic Times

"Chinese equities have lost half their value since mid-June, as margin traders closed out bullish bets and concern deepened that valuations are unjustified by the weak economic outlook ... “The prevailing sentiment is still that investors want to cash out, whatever the government does,” said Ronald Wan, chief executive at Partners Capital International in Hong Kong. “Confidence is already damaged. Doubts over the effectiveness of policies are getting bigger. The market will remain under selling pressure for a while.” The People’s Bank of China said it will cut the one-year lending rate by 25 basis points to 4.6 percent and lower the required reserve ratio by 50 basis points for all banks. The move, which follows the biggest devaluation of the yuan in two decades earlier this month, comes amid signs of decelerating growth for the world’s second-biggest economy. A rate cut failed to boost the market for a second straight time as stocks ended lower after the last reduction in June." source: Bloomberg Business (emphasis added)

Unicorns, China, and the Fed--Where do we go from here?

Unicorns: Marc Benioff says "We may see a lot of dead unicorns."--Unicorns May Struggle in Tougher Market--Salesforce.com CEO Marc Benioff discusses the selloff in the stock market and his concerns about technology and Web-based companies that have raised money at valuations exceeding $1 billion, called unicorns. He speaks with Bloomberg's Emily Chang, August 24, 2015, in the video above.

China: The Shanghai Composite Index has lost 22 percent in four days--steepest retreat since 1996--to 2,964.967 on Tuesday. DeMark Says Chinese Stocks Are at Make-or-Break Inflection Point - Bloomberg Business: "Tom DeMark, who predicted this month’s selloff in Chinese stocks, said the Shanghai Composite Index may extend its decline by 13 percent should it stay below a critical technical level on Wednesday. A failure to close above 3,200, or almost 8 percent higher than the Tuesday’s level, may open the way for a move to 2,590, which would be the lowest since November, according to DeMark, founder of DeMark Analytics. An advance above that level, however, would signal the stock rout which has wiped out more than $4 trillion in market value, may be over, he said. “We are teetering on the edge,” DeMark, 68, who has spent more than 40 years developing indicators to identify market turning points, said by phone from Scottsdale, Arizona." 

The Fed: China may be the "bunker buster" to the US Federal Reserve's plans to raise interest rates in September. Citi: The Fed Will Still Hike in September, But There's One Big Wild Card Ahead - Bloomberg Business: "Fed Vice Chair Stanley Fischer's appearance at the forthcoming Jackson Hole economic policy symposium [Aug. 27-29, 2015] is the 'key wild card' ... If he shows signs of worrying that the transitory downward pressures (commodity and energy prices and the appreciating dollar) ... THAT would be a big event ... [suggesting] reduced confidence in reaching the Fed inflation target in the medium term."



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