The Prof G Pod with Scott Galloway
Prof G Markets: Arm’s IPO, Instacart’s Valuation, and Salesforce’s Year of Efficiency
Sep 11, 2023
Ed Elson, a PropG Media Analyst, joins the discussion to dig into the implications of Arm’s IPO and what it means for Softbank. They explore Instacart's fluctuating valuation as it prepares for its market debut, highlighting its unique business model. The conversation also covers Salesforce's efforts to boost profitability and the shifting advertising landscape, especially in light of Amazon's success. Their insights reflect broader trends in tech investments and media strategies, making for a captivating analysis of today’s financial climate.
41:01
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Quick takeaways
- Salesforce's Q2 earnings report showed a remarkable growth in net income due to cost-cutting measures and improved profitability.
- Instacart's valuation for its IPO has dropped significantly, reflecting the company's focus on prioritizing profitability and financial sustainability.
Deep dives
Salesforce reports significant increase in net income
Salesforce's Q2 earnings report showed a near 20-fold increase in quarterly net income, rising from $68 million to $1.3 billion. The company also reported a 31.6% operating margin and raised its annual margin guidance to 30%. This remarkable growth in net income has been attributed to the company's efforts to cut costs and improve profitability.
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