Salesforce is buying software provider Vlocity for $1.33 billion as co-CEO Block steps down.
"It's been my greatest honor to lead the team with Marc that has more than quadrupled Salesforce from $4 billion of revenue when I joined in 2013 to over $17 billion last year," Block was quoted as saying in the statement. "We are now a global enterprise company, focused on industries, and have an ecosystem that is the envy of the industry, and I'm so grateful to our employees, customers, and partners.
"After a fantastic run I am ready for my next chapter and will stay close to the company as an advisor. Being side-by-side with Marc has been amazing and I'm forever grateful for our friendship and proud of the trajectory the company is on."published in early 2019 that he elevated Block to co-CEO to enable a "divide and conquer strategy" and to give Benioff time to do the things he enjoys.
Also on Tuesday Salesforce announced fiscal fourth-quarter earnings that beat analysts' expectations.66 cents per share, adjusted, vs. 56 cents per share as expected by analysts polled by Refinitiv.Revenue was up 35% in the quarter, which ended on January 31, Salesforce said inIn the quarter Salesforce said it would use cloud infrastructure from competitor Microsoft, and it promoted Bret Taylor, an executive who arrived at the company in 2016 through its Quip acquisition, to operating chief.
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