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522 Benioff Discovers Efficiency (and Profits)

The Information
Martin Peers @ The Information · 03/01/2023 20:00 EDT

Benioff Discovers Efficiency (and Profits)

Some people are easily pleased. Salesforce stock jumped 15% in after-hours trading after the enterprise software firm reported fourth-quarter results that were a little better than it had projected. Free cash flow was solid. And Salesforce announced it was doubling its stock buyback program. Wall Street will enjoy those goodies—and the sycophants who pass for analysts showered praise on management for what the company was announcing. But it has to be said that comments from Salesforce CEO Marc Benioff and h

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