The American software company benefits greatly from the fact that more and more people are working from home. Profit climbed to $ 469 million in the first quarter.
Dhe trend towards home office is a lasting push for the SAP competitor Salesforce. “We had the best first quarter in our company’s history,” said CEO Marc Benioff on Thursday after the US market closed. Sales climbed 23 percent to $ 5.96 billion from February to April. Profit even rose to $ 469 million after $ 99 million in the same period last year. This was beyond the expectations of analysts. In addition, Salesforce raised its sales forecast for the fiscal year. The share gained three percent after the trading day.
Salesforce is in the middle of the $ 27 billion takeover of the office chat provider Slack. The deal should go through in the summer. With the help of the largest acquisition in the company’s history, Salesforce wants to create a platform that networks customers, employees and partners, as well as the applications they use. This should intensify competition with Microsoft, whose teams software is Salesforce’s fiercest rival.
As the industry leader in the customer management software (CRM) market, Salesforce is increasingly benefiting from the home office trend. Companies must increasingly rely on computing capacities and applications from the cloud so that their employees can act remotely. In addition, Salesforce has launched a cloud offering that can be used to manage Covid-19 vaccinations.