Salesforce.com (CRM.US) has projected that its revenue growth will accelerate to double digits in the coming years, which may alleviate investor concerns about the company's business growth. Chief Financial and Operating Officer Robin Washington stated at an investor event on Wednesday that by the end of the fiscal year ending January 2030, Salesforce.com anticipates annual revenue will reach $60 billion. This figure does not include any revenue contributions from the planned acquisition of Informatica, expected to close in the first half of 2026. "We are excited about the opportunity to return to double-digit growth," Robin mentioned. She added that it will take approximately 12 to 18 months to see this growth rebound. In the fiscal year ending January, Salesforce.com reported revenue of $37.9 billion. Robin also disclosed that the company will repurchase an additional $7 billion in stock over the next six months. Following this outlook, the company’s stock price rose by about 5% in after-hours trading. The stock has underperformed this year, with a 29% decline as of Wednesday's close. As a long-term leader in customer management software, Salesforce.com has previously experienced a slowdown in revenue growth, with its growth rate falling to single digits in the last fiscal year. Investors are concerned that clients are reallocating budgets towards AI tools from startups instead of traditional application providers like Salesforce.com. In response, Robin stated that the notion that "application software is dead" is a "misconception." Salesforce.com’s primary growth initiative is its Agentforce tool, which assists businesses in leveraging AI to automate aspects of customer service and initial sales. Earlier this week at the annual Dreamforce conference, the company revealed that approximately 12,000 customers are currently using this tool, which saves Salesforce.com about $100 million annually when deployed internally.