Salesforce posted accelerating growth and pushed up its long-range revenue target thanks to a recent acquisition.
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Salesforce
shares tumbled 5% in extended trading on Wednesday after the customer service software maker reported healthy results, although its fiscal 2027 revenue view trailed Wall Street projections.
Here’s how the company did in comparison with LSEG consensus:
Salesforce’s revenue grew 12% year over year in its fiscal fourth quarter, which ended on Jan. 31, according to a statement. It’s the company’s fastest growth rate in two years.
Salesforce is counting on Agentforce artificial intelligence software to pull in more revenue from customers.
Salesforce pops 5% after earnings beat, aiming for best week since 2023
Salesforce reported better-than-expected earnings and revenue for the latest quarter but issued disappointing guidance.
Salesforce's revenue forecast for the current quarter came in below expectations.
Salesforce said its Agentforce artificial intelligence business is generating over $500 million in annualized revenue.
The more bullish forecasts see shares of Salesforce surging as much as 70% from here.
