US Top News and Analysis | Salesforce beats on earnings and revenue but full-year guidance comes in light
AI generated summary, Read the full article for complete information.
Salesforce reported a quarter that beat expectations, posting adjusted earnings of $3.88 per share versus the $3.12 consensus and revenue of $11.13 billion, up 13% year‑over‑year, with net income rising to $2.11 billion; however, its revenue backlog fell short and the company’s full‑year outlook of $45.9‑$46.2 billion in revenue and $14.06‑$14.12 in adjusted EPS was slightly below Wall Street forecasts, prompting the stock to slip. Growth was driven by the Agentforce AI suite, whose annualized revenue topped $1 billion—a 205% increase—and subscription and support revenue climbed 9% to $6.91 billion, while Data 360 and Informatica‑related revenue jumped 25% to $3.68 billion. Salesforce also disclosed acquisitions of the commerce startup Cimulate and sales startup Momentum, and announced that the U.S. Veterans Health Administration will adopt an AI agent in Slack, but investors remain wary of AI‑related competitive pressures, leaving shares down about 33% in 2026 even as the S&P 500 posted a roughly 10% gain.
Read more: https://www.cnbc.com/2026/05/27/salesforce-crm-q1-earnings-report-2027.html
#Salesforce #Agentforce #Slack #Informatica #VeteransHealth