Salesforce full-year profit forecast disappoints, shares drop

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(Reuters) - 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.
"Weak FY22 EPS guidance suggests margin expansion is likely to be muted even adjusting for the acquisition of Slack," Scott Berg, Needham & Co analyst, said.
The largest provider of customer relationship management software forecast full-year adjusted earnings per share between $3.39 and $3.41, below estimates of $3.49 per share.
While new emerging virus strains pose a new hurdle to business spending, Salesforce is ...


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