Skip to content
Trending
March 21, 2025Micron shares jump on earnings beat, rosy guidance as data center revenue triples May 13, 2025Fintechs that raked in profits from high interest rates now face resilience test September 14, 2025Trump’s tariffs are slowly finding their way into consumer prices November 14, 2025StubHub stock tanks 20% as CEO says it is not giving guidance for current quarter February 13, 2025Ray Dalio to the Trump administration: Cut debt now or face an ‘economic heart attack’ August 15, 2025Applied Materials sinks 13% on weak guidance due to China demand February 8, 2025Even at $8 million per Super Bowl commercial, ad executives say it’s still bang for your buck November 1, 2025Week in review: The Fed lowered interest rates, 2 portfolio stocks hit milestones December 1, 2025Eli Lilly cuts cash prices of Zepbound weight loss drug vials on direct-to-consumer site March 5, 2025CrowdStrike shares tumble on light guidance. Here’s why we’re upgrading the stock anyways
  Thursday 8 October 2026
everydayread.net
  • HOME
  • Bitcoin
  • Business
  • Earnings
  • Economy
  • Finance
everydayread.net
everydayread.net
  • HOME
  • Bitcoin
  • Business
  • Earnings
  • Economy
  • Finance
everydayread.net
  Earnings  Salesforce stock jumps after company offers rosy forecast for 2030
Earnings

Salesforce stock jumps after company offers rosy forecast for 2030

AdminAdmin—October 20, 20250

Marc Benioff, chief executive officer of Salesforce Inc., speaks during the 2025 Dreamforce conference in San Francisco, California, US, on Tuesday, Oct. 14, 2025.

Michael Short | Bloomberg | Getty Images

Salesforce shares rose as much as 5% in extended trading on Wednesday after the software vendor issued new financial targets for the next few years.

The company said it now expects revenue of more than $60 billion in 2030, above the $58.37 billion consensus among analysts polled by LSEG.

The guidance excludes impact from the pending acquisition of data management company Informatica. The $8 billion deal, announced in May, is slated to close in the fiscal fourth quarter or in the first quarter of the 2027 fiscal year.

More stories

CrowdStrike shares tumble on light guidance. Here’s why we’re upgrading the stock anyways

March 5, 2025

Hermès to hike U.S. prices for iconic bags and scarves in response to Trump tariffs

April 17, 2025

MongoDB close up 13% after company boosts guidance, cites confidence in cloud-based database service

June 17, 2025

Industrial conglomerate Dover cut its guidance — here’s why the stock is rallying anyways

April 27, 2025

“We have had some lower-stage growth for a while,” Robin Washington, Salesforce’s chief operating and financial officer, said during an investor briefing at the company’s annual Dreamforce conference in San Francisco. “That is reaccelerating.”

The company called for an organic year-over-year revenue growth rate above 10% in the 2026 through 2030 fiscal years. The growth rate has been under 10% since mid-2024.

Investors have been concerned, in part because of the rise of “vibe-coding” tools for automatically generating software with a few words of human input. Industry observers have predicted that artificial intelligence services might threaten longstanding software providers. Microsoft CEO Satya Nadella said in April that AI is creating up to 30% of new code at the company.

“There’s a certain amount of, let’s just say, nonsense that’s out there,” Salesforce CEO Marc Benioff said on Wednesday. “Like, for example, that these products are writing all the software, and that is not what’s happening.”

As of Wednesday’s close, Salesforce’s stock had fallen 29% for the year, while the Nasdaq has gained 17%.

To increase revenue, Salesforce is counting on its Agentforce software for automating customer service and other business processes, said Washington, who also sits on Salesforce’s board. The company introduced Agentforce last year as a way for brands to add chat-based customer service agents that connect large language models to internal data.

“Investors continue to ask why Agentforce adoption has been slower than anticipated,” analysts at RBC Capital Markets wrote in a note to clients earlier this month.

Salesforce executives are hoping product enhancements will attract more business.

The company on Monday released Agentforce Voice, which allows clients to have agents answer customer service calls. On Tuesday, Salesforce announced larger partnerships with AI model developers Anthropic and OpenAI, bringing their latest models to Agentforce.

At Dreamforce, Salesforce pointed to Agentforce adoption at FedEx, Pandora, PepsiCo, Williams Sonoma and other companies.

WATCH: People don’t understand Agentforce is part and parcel of Salesforce, says CEO Marc Benioff

People don't understand Agentforce is part and parcel of Salesforce, says CEO Marc Benioff
Cost and chaos continue to test resiliency of U.S. auto industry  
Rare earths make gains amid battle to beat China’s dominance
Related posts
  • Related posts
  • More from author
Earnings

Google cloud growth tops Microsoft and Amazon as all three beat estimates on AI demand

May 2, 20260
Earnings

Nike tops earnings estimates but shares fall as China sales plunge, tariffs hit profits

December 18, 20250
Earnings

Salesforce’s raised guidance lifts the stock but doesn’t change our rating

December 17, 20250
Load more
Read also
Earnings

Google cloud growth tops Microsoft and Amazon as all three beat estimates on AI demand

May 2, 20260
Finance

Visa says new AI shopping tool has helped customers with hundreds of transactions

December 18, 20250
Economy

Trust these numbers? Economists see a lot of flaws in delayed CPI report showing downward inflation

December 18, 20250
Earnings

Nike tops earnings estimates but shares fall as China sales plunge, tariffs hit profits

December 18, 20250
Business

American Airlines no longer lets basic economy flyers earn miles

December 18, 20250
Finance

Billionaire fund manager Ron Baron praises beaten-up financial stock whose new CEO he compares to Jamie Dimon

December 17, 20250
Load more
    © 2022, All Rights Reserved.
    • About Us
    • Advertise With Us
    • Contact Us
    • Disclaimer
    • Cookie Law
    • Privacy Policy
    • Terms & Conditions