In this articleCRMPLTR your favorite stocksCREATE FREE ACCOUNTwatch now13:3813:38Salesforce CEO Marc Benioff on what the market is getting wrong AIClosing Bell: OvertimeMarc Benioff is keeping an eye on Palantir.The co-founder and CEO of sales and customer service management software company Salesforce is well aware that investors are betting big on Palantir, which offers data management software to es and government agencies."Oh my gosh.
I am so inspired by that company," Benioff told CNBC's Morgan Brennan in a Tuesday interview at Goldman Sachs' Communacopia+nology conference in San Francisco.
"I mean, not just because they have 100 times, you know, multiple on their revenue, which I would love to have that too.
Maybe it'll have 1000 times on their revenue soon."Salesforce, a component of the Dow Jones Industrial Average, remains 10 times larger than Palantir by revenue, with over $10 billion in revenue during the quarter.
But Palantir is growing 48%, compared with 10% for Salesforce.Benioff added that Palantir's prices are "the most expensive enterprise software I've ever seen.""Maybe I'm not charging enough," he said.Read more CNBC newsApple, Google and Meta are trying to perfect a science fiction gadget: The universal translatorNvidia and OpenAI to back major investment in UK AI infrastructureOpenAI says nonfit parent will own equity stake in company of over $100 billion'We will do better.' Microsoft CEO Nadella admits company has to rebuild trust with employeesIt wasn't Benioff's first time talking Palantir.
Last week, Benioff referenced Palantir's "extraordinary" prices in an interview with CNBC's Jim Cramer, saying Salesforce offers a "very competitive duct at a much lower cost."The next day, TBPN podcast hosts John Coogan and Jordi Hays asked for a response from Alex Karp, Palantir's co-founder and CEO."We are very focused on value creation, and we ask to be modestly compensated for that value," Karp said.The companies sometimes compete for government deals, and Benioff touted a recent win over Palantir for a U.S.
Army contract.Palantir started in 2003, four years after Salesforce.
But while Salesforce went public in 2004, Palantir arrived on the New York Stock Exchange in 2020.Palantir's market capitalization stands at $406 billion, while Salesforce is worth $231 billion.
And as one of the most frequently traded stocks on Robinhood, Palantir is with retail investors.Salesforce s are down 27% this year, the worst performance in large-cap .Stock Chart IconStock chart iconSalesforce and Palantir year to date stock chart.WATCH: We're seeing an incredible transformation in enterprise, says Salesforce CEO Marc Benioffwatch now3:2403:24We're seeing an incredible transformation in enterprise, says Salesforce CEO Marc BenioffMad Money with Jim Cramer