Salesforce full-year profit forecast disappoints, shares drop

Salesforce.com Inc on Thursday forecast full-year profit that was below market expectations, sending the shares of the online software company down 3.9% in extended trading.

The company’s latest and biggest acquisition of workspace messaging company Slack Technologies Inc for $27.7 billion deal in December is seen as expensive by any Wall Street analysts, even though there are long-term benefits.

https://www.reuters.com/article/us-salesforce-com-results/salesforce-beats-revenue-expectations-on-strong-cloud-demand-idUSKBN2AP2UM?il=0