Salesforce commits $50 billion for new buybacks as revenue guidance falls short

Core Viewpoint - Salesforce reported strong financial results but saw its shares decline due to fiscal 2027 revenue guidance falling short of Wall Street expectations [1] Financial Performance - Salesforce's revenue grew 12% year over year in its fiscal fourth quarter, marking the fastest growth rate in two years [1] - Net income increased to $1.94 billion, or $2.07 per share, up from $1.71 billion, or $1.75 per share [2] - Adjusted earnings per share were $3.81, exceeding the expected $3.04 [5] - Revenue for the quarter was $11.20 billion, slightly above the expected $11.18 billion [5] Future Guidance - For fiscal Q1, the company expects adjusted earnings per share of $3.11 to $3.13 on revenue of $11.03 billion to $11.08 billion, surpassing analyst expectations [3] - For fiscal 2027, Salesforce projects adjusted earnings per share of $13.11 to $13.19 on revenue of $45.8 billion to $46.2 billion, indicating a growth rate of 10 to 11% [4] - The company raised its fiscal 2030 revenue target to $63 billion, up from over $60 billion previously, exceeding analyst expectations of $59.07 billion [4] Share Buyback - Salesforce has allocated $50 billion for new share buybacks, indicating confidence in its financial position [2] Remaining Performance Obligation - The current remaining performance obligation stands at $35.1 billion, higher than the consensus estimate of $34.53 billion [3]