Salesforce’s Acquisition Strategy Is Paying Off (Literally)
Last month, Salesforce (NYSE: CRM) reported better-than-expected earnings and raised guidance for its current fiscal year. Part of the reason for the company's success is its buying strategy, purchasing software companies like Tableau and MuleSoft.
In August, Salesforce snapped up Tableau for a cool $15.3 billion. That's going to add between $550 million and $600 million in revenue for the current fiscal year, according to Chief Financial Officer Mark Hawkins.
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Source Fool.com
