![]() Whilst in his previous guise as COO of Salesforce, Taylor had led Salesforce’s purchase of enterprise messaging platform Slack to the tune of $27.7bn, its biggest acquisition ever. ![]() The respite wasn’t to last though as Butterfield announced the same day of its latest results that he was to quit the role of Slack CEO. The company though has framed things differently in its press release, probably as respite from bad publicity following last week’s announcement that co-CEO Bret Taylor would be stepping down from his position in January 2023. The real detail though is that the results were Salesforce’s lowest in twenty quarters. Earnings per share were $1.40 for the quarter, an increase of $0.19 over analysts Refinitiv’s consensus estimate of $1.21. Salesforce’s results for its third quarter fiscal 2023 (Q3) showed revenue of $7.84bn, up 14 percent year-on-year. ![]() Salesforce beat quarterly expectations in a rocky day for the software giant, with stocks sliding in light of Slack CEO Stewart Butterfield leaving the top job at the Salesforce subsidiary on Monday.
0 Comments
Leave a Reply. |