Alibaba CEO Danial Zhang said in a conference call with analysts Thursday that the company is “actively evaluating” the impact of the suspension of Ant Group’s $37 billion initial public offering on the Chinese e-commerce giant’s business. Zhang’s comment came after China’s stock market operator on Tuesday halted Ant’s Shanghai listing, prompting the company to also withdraw its Hong Kong...
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How Activists Proved to be Salesforce’s ‘Superpower’
These corporate efficiency initiatives really work! Salesforce’s April-quarter earnings report Wednesday showed an operating profit of $412 million, a 5% margin, compared with $20 million a year earlier, which equated to a margin of 0.27%. The reason was lower expenses—research and development costs fell 8.4% while marketing expenses dropped 6.5%—even as revenue rose 11%. Cutting costs to lift...
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