Salesforce's Cybersecurity Official Joins Leadership Exodus

  • Salesforce, Inc CRM internally disclosed in late November that Mark Carter, executive vice president of security, would depart.
  • Carter held leadership roles at IncTesla Inc, and Google, among other tech companies, before joining Salesforce a year ago, Bloomberg reported.
  • Salesforce made a surprise announcement Wednesday that co-CEO Bret Taylor would step down at the end of January after just one year of sharing CEO duties with co-founder Marc Benioff
  • One day later, Mark Nelson, head of the company’s Tableau unit, said he would also be exiting. 
  • Chief Strategy Officer Gavin Patterson announced earlier in November that he, too, would leave.
  • Salesforce, a provider of customer management software, reported its smallest year-over-year quarterly revenue increase since becoming a public company in 2004, the report noted. 
  • It projected that the sales gain would be even less in the current quarter ending in January 2023.
  • Salesforce said revenue increased 14% year-over-year to $7.84 billion, which beat market estimates of $7.82 billion. The company reported quarterly EPS of $1.40, which exceeded estimates of $1.21.
  • Salesforce said it sees Q4 adjusted EPS to be $1.35 - $1.37 versus average estimates of $1.34. The company also expects full-year adjusted EPS of $4.92 - $4.94 versus estimates of $4.73.
  • Price Action: CRM shares traded lower by 2.17% at $141.41 on the last check Monday.

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