“We don’t have plans for any material M&A in the near term,” Taylor said. Salesforce’s Financials Salesforce’s revenues for the third quarter grew 20 to 5.42 billion, above. On the same call, Bret Taylor, who was promoted to co-CEO of Salesforce in 2021, said no other big acquisitions are in the pipeline. But the market has been abuzz with the news of its 27.7 billion acquisition of Slack. Salesforce stock jumped more than 3% in response.
This was also above consensus analyst estimates of $31.8 billion. CRM application giant Salesforce Tuesday announced a definitive agreement to acquire collaboration app company Slack for US27.7 billion.
Salesforce updated its guidance for the 2023 fiscal year to around $32 billion in revenue, which would be a 21% increase on the $26.5 billion it made in 2022. Every segment of its business-Sales, Service, Platform (which now includes Slack), Marketing & Commerce, and Data-accounted for at least $1 billion revenues for the first time in company history. Salesforce enjoyed a strong finish to the financial year across the board, generating total revenues of $7.3 billion in its final quarter of 2022, an increase of 26% year-on-year. On a call with analysts on Tuesday, the company reaffirmed its commitment to integrating its products with Slack. SAN FRANCISCO Enterprise software company Salesforce announced Tuesday it will purchase workplace chat tool Slack for nearly 28 billion, adding the popular collaboration app to its. Salesforce is also continuing to integrate Slack with its other products. In September 2021, it unveiled an initial set of integrations, offering users new ways to access Salesforce Sales, Service, and Marketing Clouds from the team collaboration app, as well analytics tool Tableau.
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