{"id":19420,"date":"2018-05-29T05:00:00","date_gmt":"2018-05-29T12:00:00","guid":{"rendered":"https:\/\/www.salesforce.com\/?p=19420"},"modified":"2020-09-18T00:36:31","modified_gmt":"2020-09-18T00:36:31","slug":"salesforce-ceo-marc-benioff-discusses-first-quarter-fy19-results-with-cnbcs-jim-cramer","status":"publish","type":"post","link":"https:\/\/www.salesforce.com\/news\/stories\/salesforce-ceo-marc-benioff-discusses-first-quarter-fy19-results-with-cnbcs-jim-cramer\/","title":{"rendered":"Salesforce CEO Marc Benioff Discusses First Quarter FY19 Results with CNBC\u2019s Jim Cramer"},"content":{"rendered":"<div class=\"wp-block-image__wrapper\"><figure class=\"wp-block-image size-large prevent-download\">\n\t<a href=\"https:\/\/www.cnbc.com\/video\/2018\/05\/29\/salesforce-ceo-marc-benioff-the-economy-is-really-ripping.html\">\n\t\t<a href=\"#\" class=\"wp-block-image__modal-toggle\" aria-expanded=\"false\" data-modal-id=\"19421-modal\"><span class=\"screen-reader-text\">Open Image Modal<\/span><img loading=\"lazy\" decoding=\"async\" width=\"810\" height=\"472\" src=\"https:\/\/www.salesforce.com\/news\/wp-content\/uploads\/sites\/3\/2020\/08\/mben.jpg?strip=all&#038;quality=95\" alt=\"\" class=\"wp-image-19421\" srcset=\"https:\/\/www.salesforce.com\/news\/wp-content\/uploads\/sites\/3\/2020\/08\/mben.jpg 810w, https:\/\/www.salesforce.com\/news\/wp-content\/uploads\/sites\/3\/2020\/08\/mben.jpg?w=300&amp;h=175 300w, https:\/\/www.salesforce.com\/news\/wp-content\/uploads\/sites\/3\/2020\/08\/mben.jpg?w=768&amp;h=448 768w, https:\/\/www.salesforce.com\/news\/wp-content\/uploads\/sites\/3\/2020\/08\/mben.jpg?w=264&amp;h=154 264w, https:\/\/www.salesforce.com\/news\/wp-content\/uploads\/sites\/3\/2020\/08\/mben.jpg?w=500&amp;h=291 500w, https:\/\/www.salesforce.com\/news\/wp-content\/uploads\/sites\/3\/2020\/08\/mben.jpg?w=678&amp;h=395 678w, https:\/\/www.salesforce.com\/news\/wp-content\/uploads\/sites\/3\/2020\/08\/mben.jpg?w=150&amp;h=87 150w, https:\/\/www.salesforce.com\/news\/wp-content\/uploads\/sites\/3\/2020\/08\/mben.jpg?w=331&amp;h=193 331w\" sizes=\"auto, (max-width: 810px) 100vw, 810px\" \/><\/a>\n\t<\/a>\n\t\n<\/figure><div id=\"19421-modal\" class=\"image-modal\" aria-hidden=\"true\" aria-labelledby=\"image-dialog-title\"><div class=\"image-modal__overlay\" tabindex=\"-1\" data-a11y-dialog-hide><\/div><div class=\"image-modal__content\" role=\"dialog\"><button class=\"image-modal__close-button\" type=\"button\" data-a11y-dialog-hide aria-label=\"Close this image dialog window\"><svg viewBox=\"0 0 26 25\" height=\"16\" width=\"16\" fill=\"currentColor\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\".626\" y=\"22.753\" width=\"32\" height=\"3\" rx=\"1.5\" transform=\"rotate(-45 .626 22.753)\"\/><rect x=\"2.747\" y=\".125\" width=\"32\" height=\"3\" rx=\"1.5\" transform=\"rotate(45 2.747 .125)\"\/><\/svg><\/button><h1 id=\"image-dialog-title\" class=\"screen-reader-text\">Image Modal<\/h1><figure class=\"wp-block-image size-large prevent-download\">\n\t<a href=\"https:\/\/www.cnbc.com\/video\/2018\/05\/29\/salesforce-ceo-marc-benioff-the-economy-is-really-ripping.html\">\n\t\t<img loading=\"lazy\" decoding=\"async\" width=\"810\" height=\"472\" src=\"https:\/\/www.salesforce.com\/news\/wp-content\/uploads\/sites\/3\/2020\/08\/mben.jpg?strip=all&#038;quality=95\" alt=\"\" class=\"wp-image-19421\" srcset=\"https:\/\/www.salesforce.com\/news\/wp-content\/uploads\/sites\/3\/2020\/08\/mben.jpg 810w, https:\/\/www.salesforce.com\/news\/wp-content\/uploads\/sites\/3\/2020\/08\/mben.jpg?w=300&amp;h=175 300w, https:\/\/www.salesforce.com\/news\/wp-content\/uploads\/sites\/3\/2020\/08\/mben.jpg?w=768&amp;h=448 768w, https:\/\/www.salesforce.com\/news\/wp-content\/uploads\/sites\/3\/2020\/08\/mben.jpg?w=264&amp;h=154 264w, https:\/\/www.salesforce.com\/news\/wp-content\/uploads\/sites\/3\/2020\/08\/mben.jpg?w=500&amp;h=291 500w, https:\/\/www.salesforce.com\/news\/wp-content\/uploads\/sites\/3\/2020\/08\/mben.jpg?w=678&amp;h=395 678w, https:\/\/www.salesforce.com\/news\/wp-content\/uploads\/sites\/3\/2020\/08\/mben.jpg?w=150&amp;h=87 150w, https:\/\/www.salesforce.com\/news\/wp-content\/uploads\/sites\/3\/2020\/08\/mben.jpg?w=331&amp;h=193 331w\" sizes=\"auto, (max-width: 810px) 100vw, 810px\" \/>\n\t<\/a>\n\t\n<\/figure><\/div><\/div><\/div>\n<p>Salesforce Chairman and CEO Marc Benioff discussed on Tuesday the company\u2019s \u201cfantastic quarter\u201d <a href=\"https:\/\/www.cnbc.com\/2018\/05\/29\/salesforce-ceo-marc-benioff-touts-earnings-says-economy-is-ripping.html\">in an interview<\/a> with Jim Cramer on CNBC\u2019s \u201cMad Money.\u201d<\/p><p>\u201cCustomers are going through a massive digital transformation, and every digital transformation starts and ends with the customer. We saw diversified success across all the industries we work in,\u201d Benioff said. \u201cYou have to connect with your customers in a whole new way, build a 360-degree view of customers, and you have to know customer like never before. Customers can turn to Salesforce to do that.\u201d<\/p><p>Earlier Tuesday <a href=\"https:\/\/www.salesforce.com\/company\/news-press\/press-releases\/2018\/05\/180529\/\">Salesforce announced<\/a> total first quarter revenue of $3.01 billion, an increase of 25% year-over-year, and 22% in constant currency. Salesforce increased its guidance of annual revenue for fiscal 2019 to $13.125 billion at the high end of the range for 25% year-over-year growth \u201cWe are fast-tracking to $20 billion, that\u2019s crystal clear,\u201d Benioff said in the interview. Among the customer wins in the quarter were Marriott, Align Technology, U.S. Department of Agriculture, Kering, and Citibank.<\/p><p>Benioff said the key to leading customers through a digital transformation is trust. \u201cI talk to so many CEOs, and if I could give them one piece of advice it\u2019s that there\u2019s nothing more important than trust that you have with your customers, with your employees, with your partners, with all your key stakeholders,\u201d he said. \u201cThat\u2019s a major transformation of business. In today\u2019s world you\u2019ve got to have trust as your highest value. When you lose trust, like we saw with Facebook, then you have to really work hard to earn it back. In that case you have a crisis of trust.\u201d<\/p><p>Salesforce trades on the New York Stock Exchange under the ticker symbol CRM. For more on the earnings report, read the <a href=\"https:\/\/s1.q4cdn.com\/454432842\/files\/doc_financials\/2019\/CRM-Q1-FY19-Earnings-Press-Release-w-financials.pdf\">press release<\/a> and see the <a href=\"https:\/\/s1.q4cdn.com\/454432842\/files\/doc_financials\/2019\/CRM-Q1-FY19-Earnings-Presentation.pdf\">company slides<\/a>.<\/p><p><b>Related Stories:<\/b><\/p><p><a href=\"https:\/\/www.salesforce.com\/company\/news-press\/press-releases\/2018\/05\/180529\/\">Salesforce Announces Record First Quarter Fiscal 2019 Results<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Salesforce Chairman and CEO Marc Benioff discussed on Tuesday the company\u2019s \u201cfantastic quarter\u201d in an interview with Jim Cramer on CNBC\u2019s \u201cMad Money.\u201d \u201cCustomers are going through a massive digital transformation, and every digital transformation starts and ends with the customer. We saw diversified success across all the industries we work in,\u201d Benioff said. \u201cYou [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"sf_subhead":"","sf_i18n_disclaimer":false,"_jetpack_memberships_contains_paid_content":false,"alternateThumbnailId":0,"sf_product_cta_id":0,"footnotes":""},"categories":[1],"tags":[],"sf_content_type":[1735],"sf_theme":[1912],"sf_topic":[1726,1775,1763],"sf_product":[],"sf_industry":[],"sf_role":[],"sf_multimedia_asset":[2055],"sf_location":[1724],"sf_collection":[],"sf_visibility":[],"coauthors":[],"class_list":["post-19420","post","type-post","status-publish","format-standard","hentry","category-uncategorized","sf_content_type-news-highlights","sf_theme-digital-transformation","sf_topic-digital-transformation","sf_topic-earnings","sf_topic-innovation","sf_multimedia_asset-video","sf_location-amer"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - 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