The company raised its revenue guidance for the full 2021 fiscal year to approximately $21.10 billion to $21.11 billion, which would mark a year-over-year increase of about 23%. The results beat analyst expectations, but revenue growth slowed compared to the two earlier quarters in this fiscal year.
Salesforce on Tuesday posted third quarter revenue of $5.42 billion, up 20% from the same period in the prior year, and diluted earnings per share of $1.15. Slack’s stock was essentially flat in after hours trading Tuesday. (CRM), which sells cloud-based customer relationship management software and other enterprise applications, to bolster its business offerings. SalesforceĪnnounced the deal Tuesday in conjunction with its earnings release for its third quarter of fiscal 2021. Under the terms of the agreement, Slack shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce stock per Slack share.
Salesforce is buying workplace messaging app Slack for $27.7 billion, marking the largest acquisition in the San Francisco-based cloud-based company’s history.
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