Marketing software firm Klaviyo has added two new members to its board as it joins the list of tech companies hoping to break the freeze in the IPO market. Susan St. Ledger, who has held executive positions at Okta, Splunk and Salesforce, and Roxanne Oulman, a former finance executive at several cloud software companies including CallidusCloud, which SAP acquired in 2018, have both joined the...
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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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