![]() ![]() Notwithstanding the after-hours move, Salesforce shares are up 17% since the start of 2021, while the S&P 500 index has risen almost 20% over the same period.It’s worth noting that Slack has a pending antitrust complaint against Microsoft in the EU. ![]() The company projected that its operating margin for the fiscal year would be 1.8%, wider than the 1.4% guidance from the previous quarter. "The most powerful presentations sales teams give are often Salesforce on Salesforce, and so Slack on Slack is a very compelling way to explain how we use the product." "We are beginning to sell through Slack," Gavin Patterson, Salesforce's chief revenue officer. Slack's revenue grew by 39% on a standalone basis in the quarter, said Amy Weaver, Salesforce's finance chief. ![]() The revenue figure includes $530 million from Slack, which is $30 million more than Salesforce had predicted one quarter earlier. Consensus among analysts polled by Refinitiv was $3.82 in adjusted earnings per share and $26.01 billion in revenue. It now sees $4.36 to $4.38 in adjusted earnings per share and $26.2 billion to $26.3 billion in revenue. Salesforce raised its earnings and revenue guidance for the full 2022 fiscal year. Analysts polled by Refinitiv had been looking for 82 cents in adjusted earnings per share and $6.66 billion in revenue. With respect to guidance, Salesforce said it sees 91 to 92 cents in adjusted fiscal third-quarter earnings per share on $6.78 billion to $6.79 billion in revenue. Also in the quarter Salesforce announced plans for tools targeting investment banks through its Financial Services Cloud, and it said it would release software for employee wellness. In the quarter Salesforce completed its $27.7 billion acquisition of team communication app company Slack. "I don't think the delta variant will be material to our business," CEO Marc Benioff said during a conference call with analysts. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower ![]() Best Debt Consolidation Loans for Bad Credit ![]()
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