A post by @FirstSquawk on X.

S&P said it expects Salesforce to allocate most, if not all, of its free operating cash flow toward shareholder returns and mergers and acquisitions, while projecting the company can accelerate and sustain annual revenue growth above 10%. The rating agency’s view signals confidence in Salesforce’s cash generation and capital-return capacity even as it pursues acquisitions. The balance between buybacks and dividends versus M&A spending is the key variable for investors.