![]() Firstly, the buyout would enhance Salesforce’s team collaboration software capabilities. The acquisition of Slack is likely to be a huge win for Salesforce. “Slack is our focus.Salesforce and Slack had announced their entry into a definitive agreement on Dec 1, 2020, under which the former agreed to acquire the latter in a cash and stock transaction worth $27.7 billion. “We don’t have plans for any material M&A in the near term,” Taylor said. 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. Salesforce stock jumped more than 3% in response. This was also above consensus analyst estimates of $31.8 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. 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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