Earnings

Salesforce Chair and CEO Marc Benioff Discusses Q2 FY21 Results with Jim Cramer on CNBC’s Mad Money

Salesforce Chair and CEO Marc Benioff joined Jim Cramer on CNBC’s “Mad Money” following Tuesday’s release of Q2 Fiscal Year 2021 results.  The two discussed stakeholder capitalism, the company’s strong quarter, and more.

“This has been a challenging time for so many of us,” Benioff said. “We made key changes to our business so that we could go forward and go faster and that is why I’m so excited about this quarter. And also, this is a victory for stakeholder capitalism. We did a great job for our shareholders this quarter, but we did a great job for our stakeholders as well. This is a moment when we need to be thinking about not just how to serve all of our customers, but also how to take care of our communities.”

Salesforce announced Q2 FY21 revenue of $5.15 billion, up 29% year-over-year (29% in constant currency), and raised its revenue guidance. Salesforce trades on the New York Stock Exchange under the ticker symbol CRM.

For more on the earnings report, read the press release. The full Mad Money video interview is available here.