![]() ![]() ![]() ![]() “We don’t have plans for any material M&A in the near term,” Taylor said. 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. Today, at the NYC World Tour, Salesforce announced a new generative AI experience for Slack called SlackGPT. Salesforce and Slack had announced their entry into a definitive agreement on Dec 1, 2020, under which the former agreed to acquire the latter in a cash and stock transaction worth 27.7. Tableau GPT is a new suite of capabilities that infuses the power of generative AI throughout the entire platform, Arellano said in a press conference yesterday. Salesforce stock jumped more than 3% in response. Salesforce said Tuesday that it’s buying chat app Slack for more than 27 billion, marking one of the largest software deals in history and by far the priciest for CEO Marc Benioff. Tableau Pulse helps by displaying queries suggested by Tableau GPT, displaying results, and sharing insights via Slack. This was also above consensus analyst estimates of $31.8 billion. 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. 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. The deal, which values Slack at 27.7 billion on revenues of 833 million over the past year, has largely been. On July 21, 2021, Salesforce completed its purchase of Slack for 27.7 billion and announced plans to make Slack an operating unit under 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. That disparity helps to explain why Slack sold itself this week to Salesforce. On a call with analysts on Tuesday, the company reaffirmed its commitment to integrating its products with Slack. ![]() 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. ![]()
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