By Dhirendra Tripathi

Investing.com – salesforce.com, inc. (NYSE:) stock traded 3.7% higher in premarket Wednesday after the company raised its forecast, basing its optimism on the evolving hybrid work environment generating demand for its customer relations software.

After acquiring Slack last year for close to $28 billion, the company now has a positive outlook.

“Slack continues outperform our expectations,” Reuters quoted Co-CEO Bret Taylor as saying. He believes that the new working style is helping to benefit not just from the rising trend toward a more relaxed work environment, but also from the increased productivity. According to Reuters, Co-CEO Bret T Taylor said that it’s also benefiting from being part of the Customer 360 portfolio. Customer 360 is Salesforce’s complete suit of applications geared at powering clients’ sales, services, analytics, and other functions.

After revenue increased 25%, the company now projects annual sales of $32 billion to $32.1 billion. Also, margins have increased to 20% from 18.7%.

The company’s cloud-based business software saw strong demand, which led to an increase of 26% in revenue to $7.33Billion. Its sales also grew by 26% during times of digitization and constraints.

All geopolitical areas saw growth, but Europe was second largest, increasing 37%.

The remaining performance obligation is an indicator of future revenue streams and was at $44 billion as of the 31st of January. This 21% increase.

The adjusted profit per share for the same sales was 84cs higher than estimates.

The current quarter’s revenue is estimated at $7.38Billion. Adjusted EPS estimates are 93cs-94cs.