Salesforce Boosts Revenue Outlook After Strong Q1 Performance

Published 1 days agoCRM

Salesforce Boosts Revenue Outlook After Strong Q1 Performance

Salesforce has revised its full-year sales outlook upward for fiscal year 2026, thanks to a strong quarterly performance. The company now forecasts revenue between $41 billion and $41.3 billion, up from its earlier projection of $40.5 billion to $40.9 billion. This adjustment came as Salesforce reported first-quarter revenue of $9.83 billion, surpassing analysts' predictions of $9.75 billion, according to Reuters.

Along with the revenue boost, Salesforce has increased its adjusted earnings per share estimate. It now expects an EPS range of $11.27 to $11.33, from the previous prediction of $11.09 to $11.17. These adjustments reflect Salesforce's ability to capitalize on its strong market position and ongoing strategies, such as its recent acquisition of data management firm Informatica for about $8 billion. This move aims to enhance their data management tools, further supporting their growth initiatives.

Salesforce's ongoing focus on artificial intelligence also plays a role in their optimistic forecast. The company's AI platform, Agentforce, has secured 200 deals, contributing to expected future growth. This strategic emphasis on AI, along with enhanced data capabilities from recent acquisitions, has boosted investor confidence, reflected in a 3% rise in Salesforce's shares during extended trading.

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