salesforce(US:CRM) Zhi Tong Cai Jing·2025-05-30 08:07Core Insights - Salesforce (CRM.US) reported stronger-than-expected Q1 results driven by robust cloud computing spending and accelerated commercialization of its AI agent platform [1] - The company raised its revenue guidance for FY2026, projecting revenue between $41 billion and $41.3 billion, up from a previous estimate of $40.5 billion to $40.9 billion [1] Group 1: Financial Performance - Q1 revenue increased by 8% year-over-year to $9.8 billion, with a backlog of $60.9 billion in unfulfilled orders [1] - Adjusted earnings per share were $2.58, surpassing market expectations [1] Group 2: Analyst Reactions - Evercore ISI analysts expressed strong confidence in Salesforce's performance, noting that currency fluctuations accounted for a significant portion of the revenue guidance increase [1] - Morgan Stanley reiterated an "outperform" rating, raising the target price from $393 to $404, highlighting the early-stage adoption of AI and the growth of the Agentforce platform [2] - Wells Fargo analysts took a more cautious stance, maintaining a "hold" rating with a target price of $275, citing macroeconomic concerns and the pending acquisition of Informatica [2] Group 3: AI Platform Insights - The number of customers using Salesforce's AI agent platform, Agentforce, has reached 8,000, including 4,000 paying customers and 800 fully deployed clients [2] - Analysts noted the encouraging user engagement achieved within months of Agentforce's launch in October [2]