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Salesforce raises annual revenue forecasts on AI product momentum
🇸🇬 Singapore /Technology

Salesforce raises annual revenue forecasts on AI product momentum

From CNA · () English

Summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources New plan
  • Salesforce has increased its annual revenue forecast, expressing confidence in the adoption of its AI-powered autonomous agents.
  • The company anticipates accelerated sales driven by these new AI tools designed to automate sales, service, and marketing tasks.
  • Salesforce now projects fiscal 2027 revenue between $46.1 billion and $46.4 billion, with an improved adjusted earnings per share forecast.

Salesforce is projecting stronger financial performance, raising its annual revenue forecast on Wednesday. The company's optimism stems from the anticipated acceleration of sales driven by the enterprise adoption of its newly launched AI-powered autonomous agents.

Shares of the San Francisco-based company saw a 7% increase in extended trading, reflecting investor confidence in its strategic direction. Salesforce views its AI-powered tools and autonomous agents, which automate sales, service, and marketing tasks, as a significant future growth driver.

CEO Marc Benioff highlighted the strong market reception, stating, "We're seeing incredible demand for our AI and data products, with annual recurring revenue about to cross $4 billion." The company now expects fiscal 2027 revenue to range between $46.1 billion and $46.4 billion, a slight increase from its previous outlook. Additionally, the adjusted earnings per share forecast was raised to between $16.67 and $16.71, up from $14.06 to $14.12.

We're seeing incredible demand for our AI and data products, with annual recurring revenue about to cross $4 billion.

— CEO Marc BenioffHighlighting the company's strong market reception for its AI and data products.
About this summary

Originally published by CNA. Summarized and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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