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Salesforce forecasts stronger-than-expected revenue of over $60 billion in 2030
Yahoo Financeยท 2025-10-15 22:13
Core Insights - Salesforce anticipates revenue exceeding $60 billion by 2030, surpassing Wall Street's expectations, driven by the rapid deployment of AI features across its cloud services [1][2] - The company is under pressure from investors to demonstrate returns on significant investments in AI, amid a challenging macroeconomic environment and fluctuating customer spending [1] - Salesforce shares increased by 4% in premarket trading following the announcement [1] Revenue Forecast - The revenue forecast does not account for the acquisition of Informatica, which Salesforce plans to integrate into its platform to enhance AI capabilities [2][3] - Analysts project Salesforce's annual revenue to be approximately $58.37 billion in 2030, based on data from LSEG [2] Acquisition and AI Integration - Salesforce's acquisition of Informatica for around $8 billion aims to enhance its AI capabilities by incorporating Informatica's data management and governance tools [3] - The Agentforce AI platform is designed to automate tasks and improve operational efficiency, contributing to margin enhancement [3] Financial Performance and Share Buyback - The company projected third-quarter revenue below Wall Street estimates, indicating challenges in monetizing its AI platform as clients reduce spending due to economic uncertainties [5] - Salesforce announced a share buyback plan worth approximately $7 billion over the next six months [5]