Salesforce Sees Revenue Surge on AI-Powered Growth
Salesforce has raised its annual revenue forecast following strong demand for its AI-powered tools and autonomous agents. The San Francisco-based company now expects fiscal 2027 revenue between $46.1 billion and $46.4 billion, up from its prior outlook of $45.9 billion to $46.2 billion.
The company's CEO, Marc Benioff, attributed the growth to incredible demand for AI and data products. He noted that annual recurring revenue is about to cross $4 billion.
Salesforce shares rose 7% in extended trading after the announcement.