Salesforce 's strong earnings results should give CEO Marc Benioff some relief from ongoing activist pressure at the cloud software firm. "This gives him definitive breathing room right now," Steve Grasso, CEO of Grasso Global, said Wednesday on CNBC's " Fast Money ." "[Benioff has] come out with a home run here or a grand slam relative to the fears, or relative to where the market was positioning, going into the sprint. He knocked the cover off the ball.
" The cloud computing firm turned its focus to profitability as it dealt with a growing number of activist investors taking stakes in the company. In January, Salesforce said it would cut 10% of its workforce , or more than 7,000 workers, as part of a restructuring plan. Salesforce in recent months has faced increasing activist pressure from firms such as Elliott Management, Third Point and Starboard Value.
Good , till somebody is exposed