Salesforce CEO: the focus is on integrating acquired companies and will continue to acquire them in the future.
On the morning of September 23, Beijing time, Salesforce CEO Mark Benioff (Marc Benioff) said publicly that he would continue to make acquisitions in the future, but the current focus is on integrating acquired companies.
"We have acquired 60 companies and will buy more in the future," Benioff said. " Recently, Salesforce has acquired companies such as Tableau, and the company is busy integrating employees.
Salesforce's goal now is to increase profit margins. Salesforce reiterated that it wants to double its current annual revenue of $50 billion by fiscal year 2026, while Salesforce has set a new profit margin target of 26%. "We want to have high profit margins," Benioff told investors. "
Like other technology companies, Salesforce is cutting back on hiring and business travel, and Salesforce was recruiting staff before the outbreak. "We have invested actively over the past two years and are now absorbing investment into our business," Benioff said. " It was not Salesforce's intention to cut investment in manpower.
Speaking of his role, Benioff said he would continue to serve as Joint CEO as long as everyone wanted.