Salesforce (CRM) reported strong first-quarter results, surpassing analysts’ expectations and boosting its outlook for the full fiscal year 2026.
The cloud software leader raised its revenue forecast to between $41 billion and $41.3 billion, up from the previous range of $40.5 billion to $40.9 billion. It also increased its adjusted earnings per share (EPS) guidance to $11.27–$11.33, compared to the earlier estimate of $11.09–$11.17.
Wall Street analysts had predicted revenue of $40.79 billion and adjusted EPS of $11.15.
Salesforce’s shares rose nearly 2% in after-hours trading, despite the stock being down about 17% year-to-date through Wednesday’s close.
For the first quarter, Salesforce reported revenue of $9.83 billion, an 8% increase from the same period last year. This figure exceeded the analyst consensus from Visible Alpha. Adjusted net income was $2.5 billion, or $2.58 per share, up from $2.41 billion, or $2.44 per share, a year earlier, beating expectations.
Robin Washington, Salesforce’s Chief Operating and Financial Officer, expressed optimism about the company’s growth, highlighting the potential of agentic AI technologies.
The positive earnings report follows Salesforce’s recent announcement to acquire Informatica (INFA), an AI-driven data management software company, for $8 billion. This acquisition is expected to close early in Salesforce’s 2027 fiscal year, starting February 2026.
CEO Marc Benioff said the deal will combine Salesforce’s leading AI customer relationship management (CRM) platform with Informatica’s AI-powered master data management (MDM) and extract, transform, load (ETL) capabilities. He described the combined offering as the most comprehensive AI and data platform for enterprises.
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