Tableau to be acquired by Salesforce Salesforce announced this morning that it was acquiring Tableau for an enterprise value of just less than $16 billion. Unlike most recent mergers, this is a stock transaction and will have a dilutive impact on the earnings of Salesforce. The initial reaction of Salesforce shares, down about 3% is…
Yesterday, several companies reported their results in the IT space including Pivotal, not a constituent in our high-growth portfolio but a name on which we have written favorably, and Guidewire and Salesforce, neither of them currently held or recommended. All of the companies beat their expectations for the quarter in terms of both revenues and…
Summary DocuSign reported another strong quarter with substantial beats in terms of revenue, operating cash flow, and reported EPS. The company raised guidance notably as it has done every quarter since it has been public. The company has further enhanced its significant partnership with Salesforce. The company has achieved early success in integrating the acquisition…
Salesforce (CRM) earnings review The other day, Salesforce reported the results of its 4th fiscal quarter. The quarter was more or less consistent with prior expectations. Revenues grew by 26% year on year, consistent with the results of the full year. The EPS number as reported, benefited from a $.12 mark-to-market provision-absent that the EPS would…
In the last few days since Thanksgiving there has been a mini-earnings season. IT vendors that have reported include Salesforce, Nutanix, Splunk, Palo Alto, Veeva, Box, VMware, Plan, Yext and Zuora. I can’t really write in any great depth on all of these names in a timely fashion. I have written about Nutanix and its…
Salesforce Salesforce reported the results of its fiscal Q2 last evening. Before diving into some company specifics, I think subscribers should consider the following quotation from the company founder, whose knowledge of this space from a sales perspective is simply peerless. “I’ve never seen such a robust spending environment…I’ve never seen CEO’s spend so aggressively.…
New Relic New Relic continued to achieve positive operating performance in the quarter it recently announced. The beat was relatively modest, as those things go, and compared to some of the other blowouts seen this reporting season. On the other hand, continuing to grow 35% at scale is no mean achievement and speaks both to…
Yesterday, SAP released the results of its fiscal Q2. SAP has long been part of our income/stability portfolio and it remains so, regardless of the issues that some had with the company’s quarterly report. The shares decreased by a bit less than 4% yesterday which leaves the ADR’s up by just 4% on a YTD…
Elliot management announced today that it had acquired a 10%+ stake in the shares of CVLT. Elliot has sent a letter to the board complaining about share price (and operational) underperformance. It has nominated 4 individuals to the board and has noted it looks forward to “constructive engagement.” Elliot is one of the leading activist…
Last evening, Salesforce announced its acquisition of Mulesoft at a price of about $45/share. The price was a premium of almost 27% compared to the price of the shares before acquisition rumors began to circulate. The price is a premium of more than 90% when compared to the early February price for MULE shares, before…