Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Xetra  >  SAP SE    SAP   DE0007164600


Real-time Estimate Quote. Real-time Estimate Tradegate - 01/18 03:59:36 pm
103.73 EUR   +0.20%
09:24aSAP : Top Five Reasons to Enter the SAP Innovation Awards
08:28aSAP : Preferred Success Opens the Door to Talent Businesses Need Now
07:11aSAP SE : Independant Research maintains a Buy rating
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Salesforce in talks to acquire workplace app Slack -sources

11/25/2020 | 12:07pm EST

NEW YORK, Nov 25 (Reuters) - Cloud-based software company Salesforce.com Inc is in talks to acquire workplace messaging app Slack Technologies Inc as it seeks to expand its offerings to businesses, people familiar with the matter said on Wednesday.

Salesforce's bid comes as Slack struggles to fully capitalize on the switch to remote working during the COVID-19 pandemic in the face of fierce competition from Microsoft Corp's Teams and other workplace apps

Slack shares ended trading on Tuesday at $29.57, well below the $42 high they reached on their first day of trading last year.

Salesforce sees the potential acquisition as a logical extension of its enterprise offerings, the sources said. The price it was offering for Slack could not be learned, though one of the sources said Salesforce would pay cash for the deal, rather than use its stock as currency.

If the negotiations conclude successfully, a deal could be announced before Slack reports quarterly earnings on Dec. 9, one of the sources added.

Neither Slack nor Salesforce responded to requests for comment.

Slack Technologies shares jumped 24% to $36.58, giving the company a market capitalization of $21 billion, while Salesforce fell 2.7% after the Wall Street Journal first reported that the two companies had held deal talks.

Slack has benefited from companies relying more on information technology systems to keep their workers connected during the pandemic.

Its app has been installed about 12.6 million times so far this year, up approximately 50% from the same period in 2019, according to analytics firm Sensor Tower.

But the economic fallout of the virus outbreak has forced Slack to give discount and payment concessions to many of its customers who have had to make cost cuts.

Seeking to save money, some companies have also been switching to Teams, which comes with many of Microsoft's office software packages.

"I think Microsoft Teams has been able to capitalize on the opportunity better than Slack, partly because they give it away for free as a bundle," said Rishi Jaluria, an analyst at research firm DA Davidson and Co.

"Now Slack realizes that they might be able to get greater penetration as part of a larger company."

Slack's billing growth, a key indicator of future revenue, slowed in the three months to the end of July.

Salesforce meanwhile has been thriving financially during the pandemic. It raised its annual revenue forecast in August as the pandemic spurred demand for its online business software that supports remote work and commerce.

Salesforce has been beefing up its cloud business through acquisitions and had spent more than $16 billion last year to fend off competition from rivals such as Oracle Corp and German competitor SAP. (Reporting Greg Roumeliotis and Krystal Hu in New York; Additional reporting by Subrat Patnaik and Eva Mathews in Bengaluru; Editing by Arun Koyyur and Jan Harvey)

© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
MICROSOFT CORPORATION -0.17% 212.65 Delayed Quote.-4.39%
SAP SE -0.27% 103.24 Delayed Quote.-3.45%
SLACK TECHNOLOGIES, INC. -0.29% 41.8 Delayed Quote.-1.04%
All news about SAP SE
09:24aSAP : Top Five Reasons to Enter the SAP Innovation Awards
08:28aSAP : Preferred Success Opens the Door to Talent Businesses Need Now
07:11aSAP SE : Independant Research maintains a Buy rating
01/15GLOBAL MARKETS LIVE: Citigroup, Wells Fargo, SAP…
01/15SAP SE : DZ Bank maintains a Buy rating
01/15MICROSOFT : Head of customer support leaves as SAP shakes up management again
01/15SAP SE : Kepler Cheuvreux reaffirms its Neutral rating
01/15SAP SE : JP Morgan reaffirms its Neutral rating
01/15SAP SE : Warburg Research reiterates its Buy rating
01/15SAP : Taking Off with the SAP Career Starters Program
More news
Sales 2020 27 279 M 32 947 M 32 947 M
Net income 2020 4 689 M 5 663 M 5 663 M
Net Debt 2020 8 848 M 10 687 M 10 687 M
P/E ratio 2020 25,9x
Yield 2020 1,60%
Capitalization 123 B 148 B 148 B
EV / Sales 2020 4,83x
EV / Sales 2021 4,72x
Nbr of Employees 101 450
Free-Float 86,2%
Chart SAP SE
Duration : Period :
SAP SE Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SAP SE
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 33
Average target price 116,98 €
Last Close Price 103,24 €
Spread / Highest target 40,4%
Spread / Average Target 13,3%
Spread / Lowest Target -31,2%
EPS Revisions
Managers and Directors
Christian Klein Co-Chief Executive Officer & COO
Hasso Plattner Chairman-Supervisory Board
Luka Mucic Chief Financial Officer
Juergen Mueller Chief Technology Officer
Lars Lamadé Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
SAP SE-3.45%149 044
INTUIT INC.-2.33%102 416
SERVICENOW INC.-6.66%100 209
DOCUSIGN, INC.12.14%46 505
RINGCENTRAL, INC.-1.59%33 426