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Salesforce Increase Revenue Outlook
Description
Salesforce.com Inc ($CRM@US) increased its full-year revenue forecast on Thursday, noting an increase in demand for its products due to hybrid work environments. After purchasing messaging app Slack and completing several other deals, Salesforce has been able to fend off competitors like SAP ($SAP@Germany), Oracle ($ORCL@US), and Microsoft ($MSFT@US). With these gains, 2022 sales could reach as high as $26.35 billion. 2023 sales are projected between $31.65 and $31.80 billion. Salesforce shares were up 2.4% in premarket trading.
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