Salesforce raises annual revenue forecasts on AI product momentum
CRM•Forecasts and quarterly results
The company now expects fiscal 2027 revenue between $46.1 billion and $46.4 billion, compared with its prior outlook range of $45.9 billion to $46.2 billion.
It also raised its annual adjusted earnings per share forecast to be between $16.67 and $16.71, reflecting a reduction in share count, from its earlier outlook range of $14.06 to $14.12 apiece.
Revenue for the second quarter ended July 31 grew 11% to $11.35 billion, compared with analysts' expectations of $11.32 billion.
Salesforce raises outlook on AI demand
Salesforce raised its annual revenue forecast on Wednesday, signaling confidence that enterprise adoption of its new AI-powered autonomous agents will accelerate sales, sending its shares up 12% in extended trading.
The enterprise software giant and Anthropic announced an expanded partnership, "Claudeforce", that will integrate Claude AI models with Salesforce's enterprise platform to support AI agents across workplace applications.
Salesforce has been gaining traction with AI-powered tools and autonomous agents that can automate sales, service, and marketing tasks — an area the company sees as a major growth driver for the future.
Benioff cites strong demand for AI and data products
"We're seeing incredible demand for our AI and data products, with annual recurring revenue about to cross $4 billion," said CEO Marc Benioff.
Products such as Headless 360 and Slackbot have created new ways for users to access traditional Salesforce applications and data, helping customers extract more value from their information, said Rebecca Wettemann, CEO of industry analyst firm Valoir.
