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 opinion Can AI tools help reduce Zoom fatigue? When it comes to meetings, whether in person or on video, can anything make them better? Yes, but it’s not the technology. By Steven Vaughan-Nichols May 06, 2024 5 mins Augmented Reality Generative AI Zoom Video Communications news analysis Apple earnings: About that iPhone 'slump' in China Based on information from Thursday's earnings report, it seems that data pointing to an iPhone slump in China were over-baked. By Jonny Evans May 03, 2024 9 mins iMac iPhone Apple news Microsoft begins to phase out ‘classic’ Teams Microsoft is encouraging Teams customers to move to the new, faster version of the collaboration app; the older version will be switched off next year. By Matthew Finnegan May 03, 2024 3 mins Microsoft Teams Collaboration Software Productivity Software news analysis Apple confirms it will open up the iPad in Europe this fall The latest efforts to comply with Europe’s Digital Markets Act mean developers can offer to side load apps to both iPhones and iPads in the EU. Apple has also taken steps to improve what it offers to smaller and non-commercial developers in the By Jonny Evans May 02, 2024 6 mins iPad Apple Mobile Apps 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