Customer relationship management software titan, Salesforce (CRM), has confidently upgraded its full-year forecast as its latest quarterly earnings surpassed projections from analysts. The company has significantly increased its revenue estimates for the 2026 fiscal year from an initial $40.5-40.9 billion to a promising $41-41.3 billion. In addition, the company's EPS (earnings per share) adjusted predictions rose to $11.27-11.33, originally $11.09-11.17. The revised estimates exceed Wall Street projections of $40.79 billion in revenue and an EPS of $11.15.
In after-hours trading, the company's shares rose nearly 2%, which was a recovery given that the stock had slid about 17% in 2025 up to Wednesday's close. Salesforce published its first-quarter revenue of $9.83 billion, marking an 8% uptick compared to the previous year. This figure surpasses estimates from the analyst consensus of Visible Alpha. Additionally, the adjusted net income of the company rose to $2.5 billion, equalling $2.58/share, from the previous year's $2.41 billion.
Salesforce COO and CFO, Robin Washington, expressed his gratification with the company's progress, highlighting the significant potential of agentic AI. This earnings report follows Salesforce's announcement to acquire AI-powered data management provider Informatica (INFA) for $8 billion. This acquisition is expected to finalize early in Salesforce's 2027 fiscal year, which starts in February 2026.
CEO Marc Benioff explains that the Informatica acquisition is set to unify the "industry’s leading AI CRM and AI-powered MDM and ETL platform" for a comprehensive, intelligent AI and enterprise data platform. The article includes updates for completeness and accuracy concerning recent share prices.