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Salesforce's cofounder says he was initially shocked when the company became more valuable than Oracle: 'That's definitely a milestone'

Posted On: Jul 11, 2020   |   Posted By: Business Insider

As of July, Salesforce was a more valuable company than its archrival Oracle, with a $179 billion market cap vs Oracle's of $176 billion.
Salesforce cofounder Parker Harris took a moment to reflect on that achievement during a virtual event hosted by Piper Sandler.
He said it felt like a "milestone" and recalled the company's early startup days decades ago working in Benioff's apartment when a $400 million value seemed like a lot.
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Salesforce crossed a milestone this month when it became more valuable than its archrival Oracle. On Friday, Salesforce's market cap was $179 billion whereas Oracle's was at $176 billion.
So, the moment feels like a milestone, Salesforce Parker Harris told Piper Sandler's Brent Bracelin during the "It's Friday: State of the Cloud" virtual event.
Harris recalled those early startup days in 1999 when he, Salesforce CEO Marc Benioff, and two other early employees were working out of Benioff's San Francisco apartment and famously...

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