By Katherine Hamilton
Salesforce shares advanced after the company shared new financial targets.
The stock rose 3.9%, to $245.88, in after-hours trading Wednesday. Through the close, shares were down 29% this year.
The customer relationship management software company expects more than $60 billion in revenue in fiscal-year 2030, ahead of the $59.66 billion analysts are forecasting, according to FactSet.
It anticipates fiscal-year 2026 sales will be $41.3 billion, in line with consensus estimates.
The revenue target excludes any effects from data-management company Informatica, which Salesforce is in the process of acquiring for $8 billion.
The San Francisco company anticipates Data 360 and AI annual recurring revenue in the fiscal second quarter of 2026 to be $1.2 billion, with $440 million of that coming from agentic AI.
Investors are anxious to see Salesforce bring in profit from AI products. The company's AI offerings are still in their early stages, as its agentic AI tool launched last year, and revenue from AI has yet to gain much momentum.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
October 15, 2025 19:10 ET (23:10 GMT)
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