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Salesforce shares jump on increased revenue forecast for this year and company's optimism on profit

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Salesforce shares jump on increased revenue forecast for this year and optimistic profit outlook

Salesforce raised its revenue guidance for fiscal 2022, which ends in January, and initiated guidance for 2023."We can sell effectively without going on a plane everyday," CFO Amy Weaver said on Thursday.

Revenue for fiscal 2022, which ends in January, will be as high as $26.35 billion, up from a previous prediction for up to $26.3 billion, Salesforce said in a. For the following year, Salesforce expects $31.65 billion to $31.80 billion, topping the average estimate of $31.47 billion, according to analysts polled by Refinitiv.

"It's the new world," Weaver said. "We're not going back. We can sell effectively without going on a plane everyday." Salesforce's revenue chief, Gavin Peterson, said last month that sales representatives are beginning to sell products through Slack.

 

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