+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Salesforce CEO Marc Benioff had a clever answer for why people thought he might sell out

Sep 17, 2015, 23:57 IST

Salesforce CEO Marc BenioffBloomberg TV

Salesforce CEO Marc Benioff is a brilliant spin master when it comes to dealing with the press.

Advertisement

So when he was confronted with a question about previous reports of selling his $50 billion company, Benioff made sure to take advantage of it and turn it into another PR opportunity.

The question came from Jim Cramer, the host of CNBC's "Mad Money," who asked Benioff on his show Wednesday, "Why did people think that you wanted to be able to sell your company? Why did people think that?"

Benioff simply responded, "I think Salesforce is just such an attractive company because now you can see, next year in 2016, we're going to be the 4th largest software company in the world, behind only Microsoft, Oracle, and SAP."

It may sound like rhetoric, but Benioff has a point. Once a tiny startup with only a handful of employees, Salesforce has grown to become a $50 billion juggernaut with a projected annual revenue of $7 billion in less than 16 years.

Advertisement

All that by only focusing on CRM cloud software, as opposed to some of its bigger competitors who have a much broader portfolio. And even after all these years, Salesforce manages to keep a growth rate of around 30%, which shows it's still one of the faster growing tech companies out there.

You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article