Marc Benioff is keeping track of Palantir.
The co-founder and CEO of gross sales and customer support administration software program firm Salesforce is properly conscious that buyers are betting large on Palantir, which presents knowledge administration software program to companies and authorities companies.
“Oh my gosh. I am so inspired by that company,” Benioff informed CNBC’s Morgan Brennan in a Tuesday interview at Goldman Sachs‘ Communacopia+Technology convention in San Francisco. “I mean, not just because they have 100 times, you know, multiple on their revenue, which I would love to have that too. Maybe it’ll have 1000 times on their revenue soon.”
Salesforce, a element of the Dow Jones Industrial Average, stays 10 occasions bigger than Palantir by income, with over $10 billion in income throughout the latest quarter. But Palantir is growing 48%, in contrast with 10% for Salesforce.
Benioff added that Palantir’s prices are “the most expensive enterprise software I’ve ever seen.”
“Maybe I’m not charging enough,” he mentioned.
It wasn’t Benioff’s first time speaking about Palantir. Last week, Benioff referenced Palantir’s “extraordinary” prices in an interview with CNBC’s Jim Cramer, saying Salesforce presents a “very competitive product at a much lower cost.”
The subsequent day, TBPN podcast hosts John Coogan and Jordi Hays requested for a response from Alex Karp, Palantir’s co-founder and CEO.
“We are very focused on value creation, and we ask to be modestly compensated for that value,” Karp mentioned.
The corporations generally compete for presidency offers, and Benioff touted a latest win over Palantir for a U.S. Army contract.
Palantir began in 2003, 4 years after Salesforce. But whereas Salesforce went public in 2004, Palantir arrived on the New York Stock Exchange in 2020.
Palantir’s market capitalization stands at $406 billion, whereas Salesforce is value $231 billion. And as one of the steadily traded shares on Robinhood, Palantir is common with retail buyers.
Salesforce shares are down 27% this 12 months, the worst efficiency in large-cap tech.
Salesforce and Palantir 12 months to this point inventory chart.
