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Salesforce Stocks Surges After Beating Revenue Outlook

Salesforce stocks jumped by 5% during after-hours trading on Wednesday after releasing its quarterly results. The CRM software company beat Wall Street estimates for its revenue, margins, and earnings per share. "We are very thirsty to make sure that Salesforce is the No. 1...

Activist Investor Elliott Management Won’t Pursue Changes on Salesforce’s Board

Improved results in the Q4 earnings report have allowed Salesforce to keep activist investor Elliott Management from pursuing changes on the company’s Board of Directors. This was confirmed by both Elliott and Salesforce on Monday. Elliott revealed a multi-billion investment in Salesforce earlier this year...

Futures Mixed as Salesforce Releases Quarterly Earnings

U.S. futures were mixed on Thursday as Salesforce released its quarterly earnings and investors await the Federal Reserve's next policy meeting. Contracts on the S&P 500 were down 0.4%, while those on the Nasdaq plummeted by 0.7%. Dow Jones futures edged higher by 0.2%....

Salesforce is Paying Matthew McConaughey $10 Million Annually Despite Cost-Cutting Efforts

San Francisco-based cloud giant Salesforce jumped on the wave of layoffs in the tech sector back in January and said goodbye to around 8,000 workers. While this was considered a cost-cutting effort at the time, it appears that the company isn’t shy about spending...