Asks Lisa about Salesforce earnings and the SaaS apocalypse narrative
Nicole
Lisa Martin
Salesforce is a temperature check on enterprise spending and whether AI is translating into real revenue
Lisa Martin
Salesforce shows enterprise demand turning up, market rewards profitable growth not growth at any cost
Asks Ron about Snowflake earnings
Nicole
Ron Westfall
Snowflake shows AI is altering competitive landscape, benefiting data storage/processing players
Ron Westfall
SaaS apocalypse not going away soon, companies must adapt revenue/licensing models for AI landscape
Asks Lisa to compare Snowflake to Salesforce
Nicole
Lisa Martin
Snowflake is barometer for AI workload indicator, more sensitive signal because consumption-based
Asks if these are buying opportunities and if market moves higher
Nicole
Ron Westfall
Salesforce more solid bet due to buyback confidence, lean model, 34%+ operating margins, returning 99% of free cash flow
Ron Westfall
Overall software market expected to be $1.4 trillion this year