Stay Informed. Stay Competitive. Get Free Email Updates Dow 30 & Emerging Growth

Stay Informed. Stay Competitive.

Get Free Updates

Dow 30 & Emerging Growth

Salesforce Increases Full-Year Guidance Figures

By John F. Heerdink, Jr.

CRM giant and Dow 30 component, Salesforce.com Inc (CRM), upwardly revised its full-year revenue forecast, as the pandemic-driven shift to hybrid work increased demand for its cloud-based software. Deals, including the acquisition of Slack, a workplace messaging app, helped the company to dodge competition from market leaders like Microsoft, Oracle, and SAP.

Salesforce now expects fiscal full-year 2022 sales between $26.25 billion and $26.35 billion, an increase from its previous forecast of $26.2 billion to $26.3 billion. The company also expects the fiscal year 2023 revenue of $31.65 billion to $31.80 billion, ahead of analyst’s estimates of $31.47 billion.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

Stay Informed! Stay Competitive! Please join us at Vista Partners, receive our FREE email updates throughout the week, and view our exclusive content and research.

(Read Original Story: Salesforce raises full-year revenue outlook on hybrid work boost in Reuters)


Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

Connect with us