How Salesforce.com Climbed 33.3% in 2020 During Pandemic
Shares of popular customer relationship management (CRM) software company, Salesforce.com (NYSE: CRM), climbed to 33.3% in 2020. The steady and impressive growth is seen in the company’s business from the last few years. Salesforce.com is known as the market leader among top CRM software companies. The company bags the number one position in terms of revenue from the last seven years. The Salesforce app development company continues to grow its subscription revenue from the last few years. The company has increased the revenue to $14.5 billion, which is about a 26.3% increment in the first nine months. It is assumed that a 21% hike can be generated in revenue by the company for its fiscal year 2022. Why is there an increment in revenue of Salesforce.com? The company has recently announced its acquisition to purchase Slack Technologies (NYSE: WORK). This agreement costs about $27.7 billion that includes the integrated cost of Slack’s platform...