Salesforce announced on Wednesday that it expects revenues to exceed $60 billion by 2030, surpassing Wall Street's estimates. Consequently, its stock price surged nearly 5% in after-hours trading.

The company anticipates an organic annual growth rate of over 10% in revenues from fiscal years 2026 to 2030, driven by advancements in artificial intelligence. This forecast does not take into account the impact of its acquisition of software maker Informatica.

According to data compiled by LSEG, Wall Street analysts expect Salesforce's annual revenue to reach approximately $58.37 billion by 2030.

In May, Salesforce agreed to acquire Informatica for about $8 billion to enhance its AI capabilities by integrating Informatica's data management, integration, and governance tools into its own platform.

Salesforce's Agentforce AI platform automates tasks, helping to streamline operations and improve margins. The company announced on Monday that Agentforce 360 will be made available globally through its cloud-based toolkit.

Additionally, Salesforce revealed a plan on Wednesday to repurchase approximately $7 billion worth of its stock over the next six months.