The company mentioned future growth that could apply to the Slack pricing increases. Salesforce beat revenue and earnings per share estimates from the street in the first quarter. Customers who have free plans can pay to unlock the messages and file history that is hidden after 90 days. The call for people to lock in rates with annual subscriptions could boost revenue for the upcoming quarters.Ĭustomers on free trial plans will also be encouraged to upgrade to a paid plan, which could boost paying subscribers. Why It’s Important: Slack is increasing the prices for its Pro plan and not for its Business Plus or custom enterprise plans, which could lead to more customers shifting to the other plans. Related Link: Salesforce Q1 Earnings Highlights: Revenue And EPS Beat, $42 Billion Remaining In Revenue Under Contract Customers on the free plan will lose access to files, messages and clips older than 90 days beginning on Sep.
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