Eight months after closing its acquisition of Slack, Salesforce is continuing to experience better than expected results, due in part to the collaboration platform’s ongoing popularity. Credit: Magdalena Petrova/IDG Salesforce exceeded all expectations with its fourth quarter 2022 financial results on Tuesday, boasting that its recent acquisition of enterprise messaging platform Slack can help the CRM giant reach $32 billion in revenue next year. Since its $27.7 billion acquisition of Slack in 2020, Salesforce has continued to benefit financially from the ongoing popularity of the messaging platform. This is a trend that looks set to continue, as organizations across the globe continue to have conversations about facilitating hybrid and remote work models. Salesforce has not slowed down Slack’s product roadmap either, with the platform launching voice tools Slack Huddles and Clips in the second half of 2021, a Community Forum site—hosted on Salesforce’s Experience Cloud—and a redesign of its workflow engine. Salesforce said it expects $1.5 billion in sales from Slack in its fiscal year 2023. Salesforce is also continuing to integrate Slack with its other products. In September 2021, it unveiled an initial set of integrations, offering users new ways to access Salesforce Sales, Service, and Marketing Clouds from the team collaboration app, as well analytics tool Tableau. On a call with analysts on Tuesday, the company reaffirmed its commitment to integrating its products with Slack. Record results for Salesforce Salesforce enjoyed a strong finish to the financial year across the board, generating total revenues of $7.3 billion in its final quarter of 2022, an increase of 26% year-on-year. Every segment of its business—Sales, Service, Platform (which now includes Slack), Marketing & Commerce, and Data—accounted for at least $1 billion revenues for the first time in company history. Salesforce updated its guidance for the 2023 fiscal year to around $32 billion in revenue, which would be a 21% increase on the $26.5 billion it made in 2022. This was also above consensus analyst estimates of $31.8 billion. Salesforce stock jumped more than 3% in response. On the same call, Bret Taylor, who was promoted to co-CEO of Salesforce in 2021, said no other big acquisitions are in the pipeline. “We don’t have plans for any material M&A in the near term,” Taylor said. “Slack is our focus.” Related content feature Windows 11 Insider Previews: What’s in the latest build? Get the latest info on new preview builds of Windows 11 as they roll out to Windows Insiders. Now updated for Build 22635.3566 for the Beta Channel, released on April 26, 2024. By Preston Gralla Apr 26, 2024 251 mins Small and Medium Business Microsoft Windows 11 news Dropbox adds end-to-end encryption for team folders Dropbox this week unveiled a range of features, including security updates and key management, and the ability to co-edit Microsoft 365 documents from within the file-sharing app. By Matthew Finnegan Apr 26, 2024 3 mins Cloud Storage Collaboration Software Productivity Software feature Android versions: A living history from 1.0 to 15 Explore Android's ongoing evolution with this visual timeline of versions, starting B.C. (Before Cupcake) and going all the way to 2024's Android 15 (beta) release. By JR Raphael Apr 26, 2024 23 mins Small and Medium Business Smartphones Android news analysis The unspoken obnoxiousness of Google's Gemini improvements Google's Gemini chatbot is seeing all sorts of upgrades on Android this week, but those advancements reveal a darker underlying reality. By JR Raphael Apr 26, 2024 12 mins Google Assistant Google Android Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe