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. What investors are missing, however, is how growth in the Platform business, already the largest part of Salesforce’s business, will be supercharged by the Slack acquisition. The $27 billion deal, which closed in July, will tie together Salesforce’s disparate offerings and could make it one of the two most influential players alongside Microsoft (MSFT) in the Remote/Hybrid work economy born out of the COVID-19 pandemic. Read More...
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. What investors are missing, however, is how growth in the Platform business, already the largest part of Salesforce’s business, will be supercharged by the Slack acquisition. The $27 billion deal, which closed in July, will tie together Salesforce’s disparate offerings and could make it one of the two most influential players alongside Microsoft (MSFT) in the Remote/Hybrid work economy born out of the COVID-19 pandemic.
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