The stock market has been weighing the value of a lot high-flying tech names in the face of higher interest rates and inflation lately.
The CEO of one of the bigger names recently spoke with Jim Cramer on Mad Money.
Cramer talked to Marc Benioff, co-founder and co-CEO of Salesforce.com (CRM) – Get salesforce.com, inc. Report, on the Mad Money TV show.
The cloud software provider stock has fallen about a third from its November highs as fears of inflation and higher interest rates have hammered many big tech names.
But lately, Salesforce has seen some strength after its latest earnings report for the final quarter of fiscal year 2022.Â
Benioff said it was an extraordinary quarter for Salesforce and they’re now forecasting $32.1 billion in revenues for the fiscal 2023 year, which has just begun. Salesforce is getting back to business, he said, and employees can return to the office or…
