Salesforce CEO Marc Benioff hints at no big acquisitions any time soon - Business Insider

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CEO Marc Benioff says that Salesforce doesn't 'really see an M&A environment,' hinting that it won't be making any more big acquisitions any time soon

His comments come as Salesforce reported a big earnings beat for the second quarter, bringing in $5.15 billion in revenue, and reporting earnings per share of $1.40. Both were above Wall Street's estimates.

Analysts previously speculated that Salesforce would have to do more acquisitions to keep up its rapid pace of growth, but Benioff's comments on Tuesday suggest the company is thinking otherwise. Those remarks came as a surprise to at least one analyst, who believes that Salesforce will still make deals if the timing and valuation were just right.

 

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