From CNBC: 2025-05-28 20:53:00

Salesforce beat expectations with an 8% rise in revenue to $9.83 billion in Q1, and an adjusted EPS of $2.58. Despite an initial 5% stock jump, it settled at a 1% gain. The company’s AI products, Data Cloud and Agentforce, showed progress with combined ARR over $1 billion. Second-quarter guidance exceeded expectations, but investors were cautious due to the weaker U.S. dollar providing a revenue boost. CFO Robin Washington noted a $250 million revenue tailwind from foreign exchange this fiscal year. CEO Marc Benioff highlighted strong business performance and the potential for a great year ahead. Salesforce’s stock rating remains a buy with a price target of $350. Salesforce reported strong results with better-than-expected Remaining Performance Obligation (RPO) and current RPO. However, individual application performance fell short. The $8 billion acquisition of Informatica aims to address data fragmentation and strengthen AI capabilities. Salesforce’s Q2 guidance exceeded expectations, with revenue and EPS projections raised for the full year. Adjusted operating margin, EPS, and free cash flow expected to improve post-acquisition in 2027.



Read more at CNBC:: Salesforce’s beat-and-raise quarter isn’t quieting the doubters