That said, we do see that on a per share basis - the net loss for the most recent quarter was lower than that of the previous year: As a technology company, the bulk of operating expenses has come from both sales and marketing, along with research and development. With that being said, it is also noteworthy that has revenue has been increasing - so has operating expenses. Recent Performanceįirst Quarter Fiscal 2022 Results were quite encouraging, with total revenue up by over $273 million - an increase of 36% year-on-year. Given that this marks Salesforce's largest acquisition - Slack's performance will have a strong impact on that of Salesforce as a whole going forward. Rather, the purpose of this article is to assess recent performance of Slack's business, and determine how the same will affect. Given the acquisition, discussing Slack's potential stock performance going forward is largely academic - the acquisition is likely to go through and Slack's stock is effectively in a holding pattern at this point.
On the other hand, saw a spike in price earlier in 2020 - with the stock seeing a gradual consolidation thereafter: That said, the big jump in price that we saw at the end of 2020 was in large part due to the confirmation of a $27.7 billion deal by ( CRM ) to buy Slack. Slack Technologies ( NYSE: WORK) is one of those technology companies that has benefited significantly from the shift to remote work during COVID-19. Photo by Luis Alvarez/DigitalVision via Getty Images
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