Mark Benioff is attracting attention Palantir.
Co-founder and CEO of Sales and Customer Service Management Software Company Salesforce Investors are well aware that they are putting a big bet on Palantir, which provides data management software to businesses and government agencies.
“Oh my goodness. I’m very inspired by the company,” Benioff told CNBC’s Morgan Brennan in an interview Tuesday. Goldman Sachs‘Communacopia+Technology Conference in San Francisco. “I mean, not only do they get 100 times more, they have multiple things about their revenue, but I want to have it too. Maybe they’ll get 1000 times more quickly on their revenue.”
Salesforce, a component of Dow Jones Industrial Average, remains 10 times Palantir’s due to revenue, earning more than $10 billion in revenue in recent quarter. However, Palantir is growing 48% compared to Salesforce’s 10%.
Benioff added that Palantir’s price is “the most expensive enterprise software I’ve ever seen.”
“Maybe I haven’t charged enough,” he said.
It wasn’t the first time Benioff had spoken about Palantia. Last week, Benioff said in an interview with CNBC’s Jim Kramer that he referenced Palantier’s “extraordinary” prices, saying Salesforce offers “a very competitive product at a much lower cost.”
The next day, the TBPN podcast hosted John Coogan, and Jordi Hayes asked for a response from Alex Carp, co-founder and CEO of Palantier.
“We are very focused on creating value and we want to conserve that value,” Carp said.
Companies sometimes competed for government deals, and Benioff promoted their recent victory over Palantir for US Army contracts.
Palantir began in 2003, four years after Salesforce. However, while Salesforce was published in 2004, Palantir arrived at the New York Stock Exchange in 2020.
Palantir’s market capitalization is $406 billion, while Salesforce is worth $231 billion. And as one of the most frequently traded stocks Robin HoodPalantir is popular with retail investors.
Salesforce shares fell 27% this year, making it the worst performance on large-scale technologies.
Salesforce and Palantir Year to Tute Stock Chart.
