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Trending: Salesforce Raises FY22 Earnings, Marc Benioff to Be Sole CEO

December 01, 2022 at 10:59 am EST

10:43 ET--Salesforce Inc. is one of the most talked about companies in the U.S. across all news items in the last 12 hours, according to Factiva data. Salesforce raised its fiscal 2022 outlook for adjusted earnings to between $4.92 and $4.94 a share, compared with a prior forecast of between $4.71 and $4.73 a share. The company maintained its full-year outlook for revenue at between $30.9 billion and $31 billion, and increased guidance for fiscal fourth-quarter revenue to between $7.93 billion and $8.03 billion, or 8% to 10% in growth from a year earlier. The company also said Bret Taylor will depart as co-chief executive officer, with co-founder and co-CEO Marc Benioff becoming the sole chief executive. Dow Jones & Co. owns Factiva. (chris.wack@wsj.com)

(END) Dow Jones Newswires

12-01-22 1058ET

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Marc Benioff

Marc Russell Benioff (born September 25, 1964) is the founder, chairman and CEO of salesforce.com, a cloud computing company.

Benioff started salesforce.com in March 1999 in a rented San Francisco apartment and defined its mission as The End of Software®. He is “credited with turning the software industry on its head” by using the Internet to “revamp the way software programs are designed and distributed.” He has long evangelized software as a service as the model that would replace traditional enterprise software. He is the creator of the term “platform as a service” and has extended salesforce.com’s reach by allowing customers to build their own applications on the company’s architecture, or in the salesforce.com “cloud.” He is the author of three books, including the national best seller Behind the Cloud. He currently serves on the board of Cisco.

Early life and education

Benioff was raised in a Jewish family in the San Francisco metropolitan area. He graduated from Burlingame High School in 1982. Benioff received a Bachelor of Science in Business Administration from the University of Southern California Epyx published his King Arthur's Heir, The Nightmare, Escape from Vulcan's Isle, and Crypt of the Undead. He worked as an assembly language programmer at the Macintosh Division of Apple Computer, where he was inspired by the company and its co-founder, Steve Jobs. Prior to founding salesforce.com, Benioff was at Oracle Corporation for 13 years in a variety of executive positions in sales, marketing, and product development. At 23, he was named Oracle's Rookie of the Year and three years later he was promoted to vice president, the company's youngest person to hold that title.

Influence and honors
In 2010 Fortune named him one of the Smartest 50 People in Tech as well as one of the Top 50 People in Business. The San Francisco Business Times named Benioff 2009 Executive of the Year, "for defying the fierce economic downdraft--and taking the lead role in the creation of an industry."

Source @ Wikipedia

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