Salesforce reported record Q1 revenue of $11.1 billion, up 13% year-over-year, and adjusted EPS of $3.88, both beating analyst forecasts. The company repurchased $27 billion of stock and raised full-year revenue guidance to $45.9–$46.2 billion, while projecting Q2 revenue slightly below consensus.
Salesforce recorded first-quarter revenue of $11.1 billion, up 13% year-over-year, and adjusted earnings per share of $3.88. Net income rose to $2.11 billion, while operating cash flow increased 3% to $6.7 billion.
For fiscal Q2, management projects revenue of $11.27 billion to $11.35 billion and adjusted EPS of $3.25 to $3.27, slightly below the consensus revenue estimate of $11.36 billion. Full-year revenue guidance was raised to a range of $45.9 billion to $46.2 billion, reflecting roughly 11% growth.
The company deployed $27 billion to repurchase shares in the quarter, representing a nearly sevenfold increase from the prior period. The accelerated buyback reduced share count by approximately 10% and underscores management’s confidence in current valuations.
Annualized revenue from the Agentforce platform surged 205% year-over-year to $1.2 billion, while combined recurring revenue from Agentforce and Data 360 reached $3.4 billion, up over 200%. AI-driven work unit deliveries grew 111% quarter-over-quarter to 3.8 billion.
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