Salesforce CEO Benioff: Slack revenue expected to hit $3 billion this year

Five years after acquiring Slack, Salesforce CEO Marc Benioff told Jim Cramer on Mad Money that investors should 'rethink' what Slack actually is. The comments are a promotional repositioning of Slack within Salesforce's strategy but contained no new financial metrics, guidance, or transaction details. Expect the remarks to be modestly sentiment-supportive for Salesforce but unlikely to move the stock materially in the absence of concrete operational or financial news.

Analysis

Five years after acquiring Slack, Salesforce CEO Marc Benioff told Jim Cramer on Mad Money that investors should 'rethink' what Slack actually is. The comments are a promotional repositioning of Slack within Salesforce's strategy but contained no new financial metrics, guidance, or transaction details. Expect the remarks to be modestly sentiment-supportive for Salesforce but unlikely to move the stock materially in the absence of concrete operational or financial news.