Salesforce is paying $300 million to acquire its own charitable foundation, and it could add as much as $200 million to its annual revenue (CRM)
|04/16/2019||Posted by BusinessMediaguide.Com under General World News||
- Cloud software giant Salesforce will pay $300 million to merge with Salesforce.org, its external philanthropic arm that offers Salesforce software to non-profits, the company announced Monday.
- Salesforce.org will now function as an industry vertical within the Salesforce corporation. Rob Acker, current CEO of Salesforce.org, will run the vertical.
- Salesforce also raised its fiscal 2020 revenue guidance by $150 million to $200 million, and lowered its earnings-per-share forecast by $0.20 on Monday.
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