Salesforce Co-CEO Steps Down: What You Need to Know

In addition to reporting fourth-quarter results after market close on Tuesday, salesforce.com (NYSE: CRM) surprised investors with news that co-CEO Keith Block is stepping down from his position at the helm of the software-as-a-service company, where he served alongside co-CEO and co-founder Marc Benioff.

The news overshadowed Salesforce's better-than-expected fourth-quarter financial results, which featured 35% year-over-year revenue growth and non-GAAP earnings per share of $0.66 -- 11 cents ahead of analysts' average forecast. In addition, Salesforce lifted its full-year revenue outlook.

Image source: Salesforce.

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Source Fool.com