Salesforce CEO Marc Benioff commented that the cloud software vendor is remaining cautious around M&A but won't shy away from deals it sees as additive.
On Thursday, Salesforce 's fiscal first quarter results and earnings call commentary sent shares 20% lower, making it the stock's worst day since July 2004. The decline
"Clearly, if you were to look at the investment community out there, they don't want any type of massive M&A within Salesforce,” CFRA analyst Angelo Zino. “But when you kind of look at some of the speculation out there in recent months, … it looks like Salesforce potentially is looking for M&A out there in order to kind of reinvigorate growth within the company."
During the earnings call, Salesforce CEO Marc Benioff commented that the company was cautiously open to another large-scale acquisition, a shift from last year when he said that the company“We always are looking at what is the next level of innovation," Benioff said Wednesday. "But as we've committed to you, if we're looking at a large-scale acquisition, we're going to make sure that it is not dilutive to our customers, that it's accretive, that it ...
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