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Salesforce Expects No Anticipated Change To Its FY25 Financial Guidance, Based On Expected Timing Of Closing Of Own Company Transaction

Author: Benzinga Newsdesk | September 05, 2024 04:40pm

Own Company is trusted by nearly 7,000 customers to safeguard mission-critical data. The transaction is expected to close in the fourth quarter of Salesforce's fiscal year 2025, subject to customary closing conditions, including the receipt of required regulatory approvals.

The transaction will not impact Salesforce's capital return program. Salesforce expects to achieve accretion on a free cash flow basis starting in the second year following the closing of the transaction and continuing thereafter.

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