BUZZ-Salesforce shares rise on $60 billion revenue goal, $7 billion buyback** Salesforce CRM.N shares up 4% at $246.5 premarket after co projects annual rev of more than $60 bln by 2030, share buyback
** Forecast excludes impact of cloud software giant's planned $8 bln acquisition of software firm Informatica
** Co also unveiled $7 billion share buyback program over next six months
** On Monday, co said it would invest $15 bln in San Francisco over five years to accelerate AI adoption to sharpen edge against tech giants
** J.P.Morgan analysts say buyback signals confidence in Salesforce's free cash flow strength, near-term rebound in bookings and revenue
** YTD, stock down nearly 29%
(Reporting by Rashika Singh in Bengaluru)
((Rashika.Singh@thomsonreuters.com;))
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