Overview
- Salesforce reported stronger-than-expected fiscal first-quarter results, posting $11.13 billion in revenue and $3.88 in adjusted EPS after the bell on Wednesday.
- The company guided second-quarter revenue to $11.27 billion–$11.35 billion, a range just below the LSEG/Street consensus and enough to temper investor enthusiasm.
- Salesforce highlighted fast growth in its agentic AI products, saying Agentforce and Data 360 ARR reached nearly $3.4 billion with Agentforce ARR up about 205% year over year and 3.8 billion Agentic Work Units delivered to date.
- Analysts expressed caution about the outlook, with Bank of America reiterating an Underperform rating and a $160 price target while flagging muted organic growth once acquisitions are excluded.
- The stock has fallen sharply year to date as investors weigh whether AI adoption will boost overall expansion or pressure Salesforce’s traditional seat-based revenue model, and markets will be watching sequential trends in mature product lines next.