Salesforce, Inc. (NYSE:CRM) shares jumped over 4% in after-hours trading on Wednesday after the customer relationship management platform provider reported a beat-and-raise quarter. CNBC Mad Money host Jim Cramer and Piper Sandler analyst Brent Bracelin weighed in on the quarterly performance and outlook.
Unstoppable Growth: As Chairman and CEO Marc Benioff flaunted the company’s accomplishment over the years, Cramer seemed to agree with him. Calling the company’s growth “unstoppable,” Benioff noted that revenue skyrocketed from $4.1 billion in fiscal year 2014 to $38 billion in 2025. “The future is bright,” he said, as he noted that margins are due to nearly double from 16.8% in 2020 to 32.8% in 2025.
Replying to Benioff’s post on X, the stock picker said, “Real deal acceleration.”
Real deal acceleration https://t.co/PmDh6u8wN0
— Jim Cramer (@jimcramer) August 29, 2024
Benioff said in the post ...
