Salesforce raised its fiscal 2027 revenue forecast on Wednesday, citing momentum in AI-powered products and recent acquisitions. The company now expects revenue between $46.1 billion and $46.4 billion, up from its prior range of $45.9 billion to $46.2 billion.
The guidance upgrade follows an 11% year-over-year increase in quarterly revenue to $11.35 billion for the three months ended July 31. Adjusted earnings per share more than doubled to $5.90, boosted by a $2.53-per-share gain from strategic investments, share buybacks, and operational performance.
Finance chief Robin Washington highlighted growth in AI-driven tools such as Agentforce, Data 360, and Slack as key drivers behind the raised outlook. The company also noted contributions from its June acquisitions of Contentful and Fin, which are expected to close in the coming weeks.
Salesforce introduced Claudeforce, a new plug-in combining its platform with Anthropic’s Claude AI models, expanding on a partnership first announced in June. The move reflects broader efforts to counter negative sentiment toward software stocks amid investor concerns over AI disruption.
Shares rose 14% in extended trading following the announcement. Analysts at Valoir pointed to increased availability of prepackaged AI agents as a factor supporting the upgraded guidance.
