Salesforce said it would no longer divulge the individual revenue numbers of acquired companies including Slack and Tableau in its quarterly earnings filings and instead focus on percentage changes.
Initial signs of the new reporting standard came Wednesday when the customer-relationship giant released earnings for the quarter ended April 30.
The change reflects a “standard approach for acquired companies at this stage,” a Salesforce spokesperson told GeekWire in an email Thursday.
In the past, Salesforce provided separate financial figures for Slack, MuleSoft, and Tableau in its regular financial reports. However, in the most recent filings, the revenue from each company was consolidated under Salesforce’s professional services, subscription, and support revenue categories. The company also combines Tableau and MuleSoft revenue under the “data” category.
Earlier this year, activist investors criticized Salesforce executives for the company’s string of pricey acquisitions. Salesforce bought Tableau for $15.7 billion, whereas Slack was acquired for $28 billion. The company disbanded the board’s M&A committee in March, in part to signal its effort to increase profitability.
Salesforce has conducted a number of cost-cutting measures in response to activist pressure and a broader market slowdown. The company announced in January a plan to lay off 10% of its employees.
In February, Fortune reported that Slack is ditching its headquarters and moving into Salesforce’s office tower in San Francisco. Salesforce confirmed last week that it would put Tableau’s headquarters building in Seattle on the sublease market.
