While Salesforce has been consistently increasing both sales and profit – including the 23% increase in revenue in its latest quarter — the software company hasn’t been able to reward its long-term investors.
For many who have scrutinized the Slack deal, it was hard to know if $27 billion for a company that only reached a $1 billion revenue run rate in the 2021 fiscal fourth quarter that ended Jan. 31 was too much. A multiple of 27 times revenue isn’t obscene by any means, but Slack had been somewhat sputtering since its IPO, failing to meet some of the company’s early excitement.
The company also had tools like Salesforce Chatter, which added social elements inside the applications for asynchronous chat. However, in the post-pandemic world, businesses want a new type of operating system, a digital core that runs in our chat, messaging, and meeting applications, and ties in with CRM, ERP, Data Platforms, and Cloud Infrastructure.
Source: News Formal (newsformal.com)
nice
good luck
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