Salesforce's Cybersecurity Official Joins Leadership Exodus

Loading...
Loading...
  • Salesforce, Inc CRM internally disclosed in late November that Mark Carter, executive vice president of security, would depart.
  • Carter held leadership roles at Amazon.com 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.
Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
Posted In: NewsManagementTechMediaBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...