Salesforce Aims for $46.4 Billion Revenue as Stock Rises
Salesforce has set its sights on reaching $46.4 billion in revenue for fiscal 2027, at the high end of its guidance.
This target was revealed in a September 16 filing, which also outlined a non-GAAP operating margin goal of 34.30 percent and a plan to accelerate share repurchases by $25 billion.
The company's current remaining performance obligation stood at $33.50 billion as of the second quarter of fiscal 2027, up 14.00 percent year-over-year, while Agentforce annual recurring revenue exceeded $1.5 billion, a more than 240.00 percent increase from the same period last year.
Salesforce's stock price rose by 2.74 percent on October 1 to $208.28 per share, as investors await further AI adoption and data usage that will drive sustained revenue growth.