Salesforce seems to be firing on all cylinders lately. With their new tower in San Francisco at the new Transbay Terminal, the feeling in the air here is very strong. Last May, Salesforce acquired Mulesoft, an integration software that brings apps on premises and cloud together.
In my line of work, Mulesoft is a powerful platform that is used widely in major organizations and I believe this position will be key to their revenue growth. On one hand, Salesforce sold a debt bond of 2.5B to secure the deal, affecting their balance sheet, but the revenue opportunity will show in P&Ls to come.
The bay area tech rumor mill is that Dropbox is next. Earlier this year, SF invested $100M in the company's IPO, and Dropbox has been integrating greatly with them. Though Dropbox has a much higher market cap than when Mulesoft was acquired, SF continues to buy shares in company.
In the past year, the share price has surged 61% and I expect the trend to continue.
Rolling the dice here guys. What do you think?
Submitted August 28, 2018 at 11:52AM by certifeyedgenius https://ift.tt/2NxhNMo
