Salesforce Aims for $63 Billion Revenue Milestone by 2030
Salesforce has set its sights on a significant revenue milestone by FY2030. The company aims to reach $63 billion in revenue, surpassing the consensus estimate of $61.4 billion according to Bloomberg data. This target was announced by Robin Washington, Salesforce's chief operating and financial officer, during the annual conference.
The outlook includes revenue tied to the acquisition of Informatica, finalized last November. Despite this ambitious goal, investors seemed unfazed, with the stock remaining relatively unchanged after hours.
Salesforce is working to demonstrate its ability to grow alongside the rise of new AI tools. The company highlighted its partnership with Anthropic PBC, which has helped alleviate concerns about competing head-to-head with startups. Customer and partner sentiment also appears to be improving, with Citigroup's Tyler Radke noting 'notably more constructive' conversations than a year ago.