Salesforce reported a successful first quarter with earnings surpassing estimates, achieving $9.83 billion in revenue, an 8% increase from the previous year. The company also made headlines with its $8 billion acquisition of Informatica, marking its largest acquisition since purchasing Slack. CEO Marc Benioff's compensation reached over $55 million, significantly higher than the median employee salary of $178,949. Salesforce is also adjusting its hiring strategy to focus on AI capabilities, reflecting a trend in maximizing efficiency within their workforce.
"Sometimes you have a quarter when everything is going right for you," said Salesforce CEO and Board Chair Marc Benioff, emphasizing the success reflected in their latest earnings.
His base salary was $1.55 million, unchanged from 2024, while his stock awards increased by about $8 million, highlighting the significant compensation differences at Salesforce.
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