Financial Highlights - Q1 FY26 revenue reached $9.8 billion, an increase of 8% year-over-year (Y/Y) and 8% in constant currency (CC)[17] - Subscription & Support revenue was $9.3 billion, up 8% Y/Y and 9% Y/Y CC[23] - Remaining Performance Obligation(cRPO) grew by 12% Y/Y and 11% Y/Y CC to $29.6 billion[23] - Q1 FY26 operating cash flow was $6.5 billion and free cash flow was $6.3 billion[17, 23] - The company returned $3.1 billion to shareholders through $2.7 billion in share repurchases and $402 million in dividends[23] Profitability and Margin - GAAP operating margin for Q1 FY26 was 19.8%, an expansion of 110 basis points (bps) Y/Y[23, 25] - Non-GAAP operating margin for Q1 FY26 was 32.3%, an expansion of 20 bps Y/Y[23, 25] - The company is targeting a non-GAAP operating margin of 34% for FY26[17, 26, 27] Guidance - FY26 total revenue is projected to be between $41.0 billion and $41.3 billion, representing 8%-9% Y/Y growth[17, 27] - Q2 FY26 revenue is expected to be between $10.11 billion and $10.16 billion, representing 8%-9% Y/Y growth[28] - FY26 GAAP diluted EPS is expected to be $7.15 - $7.21 and Non-GAAP diluted EPS is expected to be $11.27 - $11.33[27] Key Growth Areas - Data Cloud + AI annual recurring revenue (ARR) exceeded $1 billion, with a growth rate of over 120% Y/Y[17, 35]

Core Insights - Salesforce reported an 8% year-over-year revenue growth for the fiscal first quarter, with net income of $1.54 billion, or $1.59 per share, remaining relatively flat compared to the previous year [1][2][6] Financial Performance - Revenue for the quarter ending April 30 was $9.83 billion, exceeding expectations of $9.75 billion [9] - Adjusted earnings per share for the fiscal second quarter are projected to be between $2.76 and $2.78, with revenue expected to be between $10.11 billion and $10.16 billion, surpassing analyst expectations [6] - Full-year guidance was raised to $11.27 to $11.33 in adjusted earnings per share and $41.0 billion to $41.3 billion in revenue, compared to previous guidance of $11.09 to $11.17 in adjusted earnings per share and $40.5 billion to $40.9 billion in revenue [7] Strategic Moves - Salesforce announced plans to acquire data management company Informatica for $8 billion, marking its largest acquisition since the $27.1 billion Slack deal in 2021 [2][3] - The company has taken steps to reduce costs by cutting 10% of its workforce and disbanding its mergers and acquisitions committee [4] Market Reception - Initial reactions to the Informatica acquisition were positive, with analysts noting that the deal is reasonably priced and should be more digestible for investors compared to previous large acquisitions [5] - Despite the positive financial results and guidance, Salesforce's stock has declined approximately 18% in 2025, while the S&P index remained unchanged [7]

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Exhibit 99.1 Salesforce Reports Record First Quarter Fiscal 2026 Results Exceeds Guidance Across All Metrics; cRPO up 12% Y/Y SAN FRANCISCO, Calif. - May 28, 2025 - Salesforce (NYSE: CRM), the world's #1 AI CRM, today announced results for its first quarter fiscal 2026 ended April 30, 2025. Results "We delivered strong Q1 results and are raising our guidance by $400 million to $41.3 billion at the high end of the range," said Marc Benioff, Chair and CEO, Salesforce. "We've built a deeply unified enterprise ...

Core Insights - Salesforce reported first-quarter revenue of $9.83 billion, representing a year-over-year growth of 7.6% [1] - The adjusted earnings per share for the first quarter were $2.58 [1]

Core Insights - Salesforce is expected to report first-quarter fiscal 2026 results with projected revenues of $9.74 billion, reflecting a 6.6% year-over-year increase, and earnings per share (EPS) of $2.54, indicating a 4.1% growth year over year [2][4] Financial Projections - Current quarter revenue estimate is $9.74 billion, with a high estimate of $9.768 billion and a low estimate of $9.72 billion [3] - For the next quarter, revenue is projected at $10.02 billion, with year-over-year growth estimates of 8.61% for the current quarter and 7.45% for the next quarter [3] - EPS estimates for the current quarter stand at $2.54, with a high estimate of $2.56 and a low estimate of $2.50 [3] Growth Drivers - Strong momentum in Salesforce's AI platform, Agentforce, is expected to enhance earnings in the fiscal first quarter, providing customers with AI agents for customer service and technical issues [6][7] - The acquisition of Informatica for $8 billion is anticipated to strengthen Salesforce's AI strategy and improve its data foundation, leading to substantial growth [8][9] - The Customer Relationship Management (CRM) market is projected to grow at a 14.6% CAGR from 2025 to 2030, supporting Salesforce's revenue growth expectations of 7% to 8% for fiscal 2026 [10] Stock Trading Strategies - The anticipated positive fiscal results, along with the Informatica acquisition and competitive positioning in the CRM market, suggest that existing stakeholders may hold onto Salesforce stock [11] - Salesforce's cash-rich status will enable it to pay off debts, pursue strategic acquisitions, and invest in growth opportunities [11]

Group 1 - Salesforce acquired Informatica for $8 billion, marking its largest deal since the acquisition of Slack in 2021 [1] - The acquisition aims to integrate both companies' AI engines to create a trusted data infrastructure that supports enterprise-level deployment of agent-based AI systems [1] - Data management capabilities are becoming a key differentiator for enterprise AI products, and Salesforce is enhancing its data management strategy through this acquisition [1] Group 2 - DeepSeek's R1 model has completed a minor version upgrade, now available for experience on its official website, app, and mini-program [2] - The upgraded R1 model shows significant improvement in programming capabilities, quickly generating high-quality dynamic weather cards with detailed design and interactive animations [2] - The update may have utilized the DeepSeek-V3-0324 model, while the anticipated R2 version has yet to be released [2] Group 3 - Anthropic launched a voice mode for Claude, allowing users to discuss documents and images via voice, with five unique voice tones available [3] - Users can switch freely between text and voice, and after conversations, they can view text records and summaries [3] - The voice feature has usage limitations, with voice conversations counting towards regular usage limits, and the Google Workspace connector is only available to paid users [3] Group 4 - AKOOL released the world's first real-time camera, AKOOL Live Camera, capable of low-latency virtual digital humans, multilingual translation, face replacement, and AI video generation [4] - This technology breaks traditional video generation limitations through 4D facial mapping and neural voice engines, achieving environment perception and emotional response, with 94% of blind tests unable to distinguish between real and fake [4][5] - The product signifies a shift in AI video from "pre-fabrication" to "intelligent response," heralding a second revolution in AI video following Sora [5] Group 5 - Tencent Hunyuan released an open-source voice digital human model, HunyuanVideo-Avatar, which can generate videos of characters speaking or singing naturally from just one image and one audio clip [6] - The model supports various framing options and can understand image environments and audio emotions, automatically generating natural expressions, lip-syncing, and full-body movements [6] - This technology has been applied in Tencent's music products and is suitable for short video creation, e-commerce advertising, and supports multiple styles and interactive scenarios [6] Group 6 - ByteDance's Kouzi Space launched a one-click text-to-podcast feature, capable of generating "human-level" multi-character dialogue audio in minutes, a task that previously took hours [7] - This feature has broad applications, converting hot news into podcasts, turning course notes into audio lessons, and creating audio summaries of meeting minutes, as well as providing emotional counseling and shopping guides [7] - Kouzi Space can also integrate podcast production with website creation, opening up multi-functional applications and marking the era of AI working for the general public [7] Group 7 - SpAItial raised $13 million in seed funding, founded by former Synthesia co-founder Matthias Neisner, focusing on text-to-realistic 3D environment technology [8] - The company has assembled a luxury tech team from Meta and Google, aiming to create not only realistic but also interactive 3D worlds, competing with Odyssey and World Labs [8] - The team targets applications in game development, entertainment, and architectural visualization, with long-term goals including enabling ordinary users to quickly create games and potentially replace CAD software [8] Group 8 - Tencent Yuanbao has integrated with WeChat Reading and Qidian Reading, allowing users to click on underlined book titles to jump directly to reading [9] - Users can obtain book recommendations with one click, with each book featuring a jump link, facilitating a seamless transition from "book hoarding" to "reading" [10] - This integration allows users to chat with Yuanbao while reading, interpret concepts, generate mind maps, and even simulate conversations in the author's tone [10] Group 9 - SpaceX's Starship "Ninth Flight" experienced an explosion during recovery landing, despite successfully using a reused B14.2 booster [11] - The test focused on validating booster reuse technology, spacecraft payload deployment capabilities, and optimizing design to shorten launch intervals and reduce costs [11] - SpaceX is expanding its manufacturing and launch capabilities through new facilities in Florida and innovative designs to enhance system efficiency [11] Group 10 - Anthropic's Claude 4 core team emphasizes the model's independent working capabilities and long-term task handling abilities [12] - The team predicts that by 2025, reinforcement learning will significantly enhance large language model training, improving the model's ability to handle long-term tasks [12] - Researchers believe that the focus should be on raising the model's baseline rather than pursuing extremes, with user interactions evolving from minute-level to hour-level engagements [12]

Core Viewpoint - Salesforce, Inc. is acquiring Informatica Inc. for approximately $8 billion in an all-cash transaction to enhance its data management and AI capabilities, with the deal expected to close in early 2027 [1][3] Group 1: Strategic Importance - The acquisition aims to strengthen Salesforce's long-term value proposition and position in enterprise AI [2] - Informatica's data tools will improve Salesforce's AI platform, Agentforce, and Data Cloud product, providing a solid data foundation for AI, particularly for autonomous AI agents [3][4] - The combination of Informatica's tools with Salesforce's existing software will enable better utilization of data and AI solutions for customers [4][5] Group 2: Financial Aspects - The acquisition will be funded through Salesforce's cash and new debt, and is expected to be accretive to non-GAAP earnings and free cash flow starting in the second year [6] - Salesforce maintains its financial discipline, focusing on improving margins and returning capital to shareholders while pursuing long-term gains [7] Group 3: Market Context - The acquisition is expected to provide a boost to Salesforce's top-line growth, which has slowed from historical double-digit growth to single-digit increases due to cautious enterprise spending amid macroeconomic uncertainties [8] - Salesforce's stock has underperformed in the market, with a year-to-date decline of 17.1%, contrasting with gains in the broader software industry [9] Group 4: Conclusion - The Informatica acquisition reinforces Salesforce's long-term AI vision and enhances its data infrastructure, positioning the company for stronger innovation and competitiveness despite current revenue pressures [10]

Market Overview - Stocks experienced a broad rally, with the S&P 500 gaining 2%, Nasdaq Composite and Russell 2000 up by 2.5%, and Dow Jones Industrial Average increasing by 1.8% following trade and tariff developments [1] - The divergence between equities and bonds is notable, as stocks are approximately 3.5% off all-time highs while bond yields remain elevated, with 30-year bonds yielding just under 5% and 10-year bonds at 4.47% [3] Earnings Reports - Macy's reported better-than-expected earnings and sales for the first quarter but warned of tariff headwinds and cut its profit outlook [4] - Salesforce announced an $8 billion acquisition of Informatica, a strategic move into Artificial Intelligence (AI), ahead of its earnings report [4] - Nvidia's stock has been volatile, dropping nearly 50% from a January high of $153 to a low of $86 in April, but has since rebounded to $135 [5] Federal Reserve Insights - The upcoming release of the Federal Reserve Open Market Committee (FOMC) meeting minutes is anticipated, with investors keen to understand the Fed's stance on interest rates in light of current tariffs [6] - Fed Chairman Powell has shown reluctance to cut rates due to economic uncertainty, which is expected to be reflected in the minutes [6] Market Sentiment - The market is largely focused on Nvidia's earnings announcement, which is expected to influence not only the chip sector but the broader market as well [7] - Despite a rally in equities, the VIX remains above its historical average, indicating potential for continued volatility [7]

Salesforce (CRM) announced on May 27, 2025, that it will acquire Informatica (INFA) in a deal valued at approximately $8 billion. This strategic move marks Salesforce’s return to major acquisitions as it seeks to enhance its competitive position in the rapidly growing artificial intelligence (AI) space.Salesforce has agreed to pay $25 per Informatica share, representing a 30% premium over Informatica's closing price on May 22, 2025 the day before news of renewed negotiations surfaced. Following the announce ...