Motley Fool Money
Salesforce Rights The Ship
Aug 31, 2023
Tim Beyers, a Motley Fool analyst, discusses Salesforce's strategic turnaround, focusing on cost cuts and enhanced margins. He dives into the role of AI in the company’s future and CrowdStrike’s successful growth model amidst market challenges. Meanwhile, James Reinhart, the CEO of thredUP, shares insights on the booming resale clothing industry, detailing his company's innovative 'resale as a service' approach and plans for expansion, emphasizing how sustainability drives consumer preferences.
32:39
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Quick takeaways
- Salesforce is improving its financials through cost cuts and efficient growth, with an impressive operating margin of 17.2%.
- CrowdStrike's profitable growth and market share gains are driven by their land-and-expand strategy and partnership with Zscaler.
Deep dives
Salesforce's Focus on Efficiency and Profitability
Salesforce is showing signs of a new focus on cost management, efficiency, and generating capital organically. Their gap operating margin of 17.2% is impressive for a company of their size, and they are steadily increasing their operating margin through efficient growth. Salesforce is also buying back shares and reducing stock-based compensation, further improving their financials. Despite challenges from competitors and their AI initiatives still being in early stages, Salesforce remains optimistic about their future.
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