In years past, Salesforce Inc. was a poster child of the tech sector’s growth-at-any-cost strategy. The company is again trying to be the industry’s vanguard—this time by becoming more streamlined and profitable.
As the business-software company faces slowing growth and more demanding investors, it is pivoting to focus on profit. Its shares surged 15% last week as it declared that its efforts were working, offering ambitious projections for revenue and profit margins.
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