- It is a joke that we are in December and Snowflake (SNOW) did not publish a FY 2024/calendar year 2023 outlook: https://investors.snowflake.com/events-and-presentations/default.aspx
- SNOW remains overvalued at about 15x calendar 2023 Revenue (assumes CY’23 Revenue of $3 billion). That will change next year.
- It is not surprising that Bret Taylor is no longer Salesforce (CRM), Co-CEO given that he was hugely unimpressive as Twitter’s former Chairman (a product guy that added zero value to that rudderless ship), which we called out privately to some of you and wrote about in July here: https://tek2day.com/2022/07/19/twitter-is-a-dumpster-fire/
- Similarly, Salesforce ought to have published a FY 2024/calendar year 2023 outlook. The earnings guidance game is a joke. CY’23 budgets are largely complete if not 100% complete. https://s23.q4cdn.com/574569502/files/doc_financials/2023/q3/CRM-Q3-FY23-Earnings-Presentation.pdf
