A Double Dose of Big Tech: Salesforce Soars, Musk's "Master Plan" Weighs on Tesla 3/2/23
Squawk on the Street
00:00
Salesforce - Is the Top Line Decelerating?
Carl Safina: The sense of urgency that was expressed in the cost cutting campaign, fattening the margins in an accelerated way is the whole story. Sales and marketing spending going from 36% down to 32%. One fiscal year, it was 40%, like thereabouts before the pandemic. Stock based compensation is a percentage of revenues, 10%, it's been running that for years, it's going to go down to eight. So the things that they could easily just pull these levers or easily at least say that they're going to do them, that goes right to the margin.
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