Slack co-founder and CEO Stewart Butterfield further added that in the first quarter, Slack saw “a near-record number of Paid Customer additions, a record number of Paid Customers adopting Slack Connect, and approached 1 million active developers on our platform.” The company had only been expected to report slightly fewer than 156,000 paid accounts for the quarter. In addition, Slack reported having 169,000 paid accounts for the first quarter of 2021. Furthermore, that result easily beats the year-ago quarter’s sales of $201.7 million, which translated to a loss of 2 cents per share. Yet, Slack’s actual result was $273 million, or 8 cents per share. The analyst community was bracing for quarterly sales of $267.1 million. Those results were better than what Wall Street had expected. Speaking of quantifiable data, Slack recently reported its fiscal results for the first quarter of 2021. So, the results are already quantifiable. Reportedly, the integration with Slack improved Salesforce's Service Cloud case close rate by 26%. “Well, if you're going to be successful from anywhere, you're going to need an incredible platform like Slack,” Benioff added.īenioff is making a valid point here.
Salesforce CEO Marc Benioff recently asserted that the Slack acquisition will help Salesforce to become "a key leader in the future of work."īenioff even stated that Salesforce is going to rebuild all of its technology to “become Slack-first.” That’s a lot of money to pay for Slack, but CRM’s shareholders are betting that Slack will be worth the cost. This deal, which was announced in late 2020, will be worth $27.7 billion. Within the next few months, Salesforce is expected to acquire Slack. The value of this type of tool is evident in the wake of the COVID-19 pandemic. Slack ( WORK) provides an online chat tool that facilitates communication between workers. So, CRM stock’s high price may be justified. Then again, price is what you pay and value is what you get. That’s another indicator that Salesforce stock isn’t cheap. Notably, CRM stock has a trailing 12-month price-to-earnings ratio of 44.54.
Still, much of the damage was mitigated, with CRM stock trading near $246 on June 24. It’s difficult to sustain a vertical price move, though, so Salesforce stock was destined to cough up much of its gains.Ī virtual roller coaster ride ensued throughout the remainder of 2020 and into the first half of 2021. By early September, CRM stock reached a 52-week high of $284.50. The stock staged an impressive turnaround, however.
0 kommentar(er)
