From CNBC: 2025-05-28 17:14:00

Salesforce shares were volatile in extended trading after reporting upbeat fiscal first-quarter results. Revenue grew 7.6% to $9.83 billion, with net income of $1.54 billion. CEO Marc Benioff remained positive despite tariffs, announcing a plan to acquire Informatica for $8 billion, Salesforce’s priciest acquisition since the $27.1 billion Slack deal.

To address concerns about spending and slowing growth, Salesforce cut 10% of its headcount and disbanded the mergers and acquisitions committee. The company’s finance chief accelerated its margin expansion goal and started paying dividends to shareholders. The announcement of the Informatica deal was well received by analysts, who saw it as a reasonable purchase.

Salesforce introduced the AgentExchange marketplace for AI agents during the fiscal first quarter. The company raised its full-year forecast to $11.27-$11.33 in adjusted earnings per share and $41.0 billion to $41.3 billion in revenue, showing 8-9% growth. The stock had dropped 18% in 2025, while the S&P index remained unchanged.

CEO Marc Benioff spent around 20 years discussing the possibility of combining Informatica and Salesforce. The two companies had previously engaged in deal talks but walked away. Salesforce’s updated guidance for the fiscal second quarter included adjusted earnings per share of $2.76-$2.78 on revenue of $10.11 billion to $10.16 billion, surpassing analyst expectations.



Read more at CNBC:: Salesforce (CRM) Q1 earnings report 2026