Salesforce announced a $50 billion plan to buy back its own shares, but its fiscal 2027 revenue outlook fell short of Wall Street expectations and the stock fell 4 percent, CNBC reported on Feb. 25 local time.
Salesforce said on Feb. 25 local time that revenue for the quarter ended in January rose 12 percent from a year earlier to $11.2 billion. That included revenue from data management company Informatica, which it acquired late last year.
Excluding Informatica revenue, Salesforce's growth rate was 8 percent. That was down 1 percentage point from the previous quarter. Salesforce forecast revenue growth of 8 to 9 percent for the current quarter ending in April, excluding Informatica.
Salesforce forecast fiscal 2027 revenue of $45.8 billion to $46.2 billion. That was below the $46.06 billion expected by Wall Street.
Salesforce's own AI product, Agentforce, is cited as a positive factor as revenue is rising rapidly. Agentforce annual recurring revenue rose nearly threefold to about $800 million.
Chi-gyu Hwang
delight@d-today.co.kr