SaaS now too expensive for CRM

Investment Analysis Clubs Saul’s Investing Discussions
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CRM had previously acquired MuleSoft and Tableau. On yesterday’s earnings call, one of the analysts asked about Tableau and the acquisition (what management thought of it). The answer was that Tableau and MuleSoft were great acquisitions and they would not be possible today as they would not meet CRM’s criteria (because the valuations of SaaS companies are now to high to meet CRM’s acquisition criteria. Sooooo…it is highly unlikely the CRM will be acquiring any SaaS companies any time soon.

Chris

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Nice observation, although one could stay this is just a nice play before the imminent negotiation…

Either way, CRM results are good news for our companies.

JH

ZM, CRWD, DDOG, FSLY, NET, SEA, PINS, SQ, TTD, APPS

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Really strong insights on this post and your other post on the CRWD PANW correlation. I wasn’t aware. Thanks for posting!

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Ugh sorry all for clutter - meant that last one to be an email.