Markets

Slack spikes 32% following reports of potential takeover by Salesforce

Slack rocketed as much as 32% higher on Wednesday after Dow Jones reported Salesforce.com is in talks to acquire the workspace-communications company. Such a deal would likely value Slack at more than the $US17 billion market cap it held before shares jumped. There’s no guarantee the talks will lead to […]
Slack spikes 32% following reports of potential takeover by Salesforce
Markets

Salesforce spikes 29% on blockbuster earnings and boosted full-year forecast

Salesforce.com blew earnings expectations out of the water after markets closed on Tuesday, trouncing expectations for second-quarter profits and revenue. The company also raised its full-year guidance above expectations, a stark pivot from its guidance cut in May. Salesforce shares rallied as much as 29% on the earnings beat. Bank […]
Salesforce spikes 29% on blockbuster earnings and boosted full-year forecast
Tech

Salesforce edges past Wall Street’s revenue target

Salesforce stock seesawed in after hours trading after reporting adjusted earnings that beat Wall Street estimates but revenue that was only slightly above estimates. The San Francisco cloud giant grew its revenue 33% to $US4.5 billion in the three months ending October 31, slightly above the $US4.45 billion expected by […]
Salesforce edges past Wall Street’s revenue target
Tech

Salesforce employees are upset over the company’s work with U.S. Customs and Border Protection as Silicon Valley grapples with the government’s use of tech

More than 650 Salesforce employees reportedly sent a letter to CEO Marc Benioff criticising the company’s work with the U.S. Customers and Border Protection agency. The letter said the company’s values were imperiled by working with the border agency, at a time when parents and children of migrants illegally crossing […]
Salesforce employees are upset over the company’s work with U.S. Customs and Border Protection as Silicon Valley grapples with the government’s use of tech
News

Salesforce’s third quarter revenues were up 25% from last year

Salesforce reported its third quarter earnings for fiscal year 2018 on Tuesday. The company previously announced that it expects to see $US10.4 billion in revenues for the current year, fiscal 2018. Here’s what Salesforce reported: Revenue (GAAP) for the third quarter was $US2.68 billion, compared to analyst expectations of $US2.65 […]
Salesforce’s third quarter revenues were up 25% from last year