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Salesforce raises full-year revenue outlook on hybrid work boost

Salesforce raises full-year revenue outlook on hybrid work boost
Salesforce raises full-year revenue outlook on hybrid work boost   -   Copyright  Thomson Reuters 2021   -  
By Reuters

<div> <p> -Salesforce.com Inc on Thursday raised its full-year revenue forecast, as the pandemic-led shift to hybrid work fueled demand for its cloud-based software.</p> <p>Shares of the company were up 2.4% at $265.4 in premarket trading. </p> <p>The business software maker’s revenue has gone from strength to strength over the past year, with the rise of automation and artificial intelligence likely to keep that momentum going.</p> <p>A slew of deals, including the purchase of workplace messaging app Slack, has also helped Salesforce fend off competition from legacy players like Oracle, Microsoft and German competitor <span class="caps">SAP</span>.</p> <p>The company now expects fiscal full-year 2022 sales between $26.25 billion and $26.35 billion, up from its previous forecast of $26.2 billion to $26.3 billion.</p> <p>Salesforce also expects fiscal year 2023 revenue of $31.65 billion to $31.80 billion. Analysts were expecting revenue of $31.47 billion, according to <span class="caps">IBES</span> data from Refinitiv. </p> </div>