Salesforce Raises Revenue Forecast on Slack, Product Expansion
- Software company says annual sales may hit $32.1 billion
- Shares gain as quarterly revenue jumped 26% to $7.33 billion
Photographer: Andrew Harrer/Bloomberg
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Salesforce.com Inc. gave a forecast for quarterly and annual revenue that exceeded analysts’ estimates, as the leader in customer relations software further integrates Slack and expands its product line.
Revenue will be as much as $7.38 billion in the period ending in April, San Francisco-based Salesforce said Tuesday in a statement. Analysts, on average, projected $7.26 billion, according to data compiled by Bloomberg. For the full year, sales will be as much as $32.1 billion, compared with the average estimate of $31.8 billion.