Key facts
- Salesforce raised its fiscal 2027 revenue forecast to $46.1B-$46.4B and increased its adjusted EPS forecast.
- The company reported Q1 revenue of $9.83B, surpassing analyst estimates.
- Data Cloud achieved $900M in annual recurring revenue in the prior quarter.
- Salesforce's stock rose 14% in extended trading after the announcements.
- An expanded partnership with Anthropic will integrate Claude AI models across Salesforce applications.
Salesforce has raised its full-year revenue and earnings per share forecasts, signaling confidence in the accelerating adoption of its AI-powered autonomous agents and cloud services. The company now expects fiscal 2027 revenue to be between $46.1 billion and $46.4 billion, an increase from its previous outlook. The adjusted earnings per share forecast for fiscal 2027 was also raised to a range of $16.67 to $16.71.
For fiscal 2026, Salesforce had previously raised its revenue guidance to between $41 billion and $41.3 billion. The company's Q1 revenue reached $9.83 billion, surpassing analyst estimates. Demand for its AI platform, Agentforce, has been strong, with thousands of deals secured. The Data Cloud product alone generated $900 million in annual recurring revenue in the prior quarter.
CEO Marc Benioff noted "incredible demand" for Salesforce's AI and data products, with annual recurring revenue nearing $4 billion. The company's recent $8 billion acquisition of data-management provider Informatica is expected to bolster its AI capabilities and data integration offerings. Despite global macroeconomic uncertainties, enterprise cloud and AI spending remains resilient, contributing to Salesforce's optimistic outlook.