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Marc Benioff goes on the offensive: 'This is not the SaaSpocalypse'
Source: businessinsider.com
Corporate EarningsInvestor Sentiment & PositioningCompany Fundamentals
Salesforce CEO Marc Benioff pushed back on “SaaSpocalypse” concerns following the latest earnings report. Despite the stock being down 19% YTD, shares jumped more than 12% in after-hours trading, indicating the market reacted positively to the results versus earlier bearish sentiment.
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