The company said that the growth in demand for strategic acquisitions and cloud enterprise software releases has contributed to revenue growth. Salesforce estimates that third-quarter and full-year revenues will exceed market analysts’ expectations. According to Salesforce, the growth in demand for acquisitions and enterprise software cloud versions has contributed to revenue growth. The company estimates that its third-quarter turnover will be between $4.44 billion and $4.45 billion. The analyst’s average forecast is $4.25 billion.
In recent years, Salesforce has spent billions of dollars acquiring other companies, including Tableau and MuleSoft. The most important thing is the acquisition of Tableau ($15.3 billion in August 1st), which the company said will return $650 million from $550 million this year. Tableau focuses on data analysis tools that use artificial intelligence methods.
But Salesforce is trying to increase its business volume not only through acquisitions, but also through organic growth. The company’s annual revenue is expected to be between $16.75 and $16.9 billion, while analysts’ average forecast is $16.64 billion. In the second quarter, Salesforce’s total revenue increased by 22%, while leading product company CRM Sales Cloud Systems grew by 12.5% to $1.13 billion.