Trending Now - Salesforce Sees Revenue Growth but Lowers Future Forecasts

WHO:

Yahoo Finance - Salesforce Inc. is the leading maker of customer management software.

Yahoo Finance - Mike Spencer is the Executive Vice President at Salesforce.

Yahoo Finance - Raimo Lenschow is an analyst at Barclays.

WHAT:

Fortune - Salesforce commenced its largest-ever accelerated share repurchase at $25 billion, part of a $50 billion stock buyback authorization approved in February 2026.

Fortune - Salesforce returned $27.5 billion to shareholders in the first quarter of fiscal 2027, including $27.1 billion from the mega-share block purchase and $365 million in dividends.

Fortune - Salesforce's fiscal 2027 free cash flow growth guidance was cut to 4% to 5% year-over-year, down from the previously guided 9% to 10%.

Fortune - Salesforce slightly raised its full-year revenue outlook to $45.9 billion to $46.2 billion from $45.9 billion to $46.2 billion.

Fortune - Current remaining performance obligations for Salesforce hit $33.6 billion, up 14% year-over-year.

Bloomberg - Salesforce's revenue outlook for the fiscal second quarter is about $11.3 billion, which is below analysts’ average estimate of $11.4 billion.

Bloomberg - Salesforce's fiscal first-quarter remaining performance obligations were $67.9 billion, compared to analysts’ average estimate of $68.9 billion.

Bloomberg - Salesforce's stock has declined about 33% this year, mirroring the decline of other application software companies such as ServiceNow Inc. and Adobe Inc.

Bloomberg - Executive Vice President Mike Spencer stated, “We’re seeing a level of adoption and usage, and that’s anchoring the acceleration.”

Bloomberg - Analyst Raimo Lenschow noted that the healthy results from Agentforce are not boosting overall numbers, stating, “We are not sure this will be enough to drive a meaningful reaction.”

Bloomberg - Salesforce's Agentforce is now on track to contribute $1.2 billion of annual revenue, up from $800 million in February.

Bloomberg - Salesforce continues to expect revenue growth to accelerate in the second half of the year, according to Chief Financial and Operating Officer Robin Washington.

Yahoo Finance - Salesforce reported fiscal first-quarter revenue of $11.1 billion, a 13% increase year-over-year.

Yahoo Finance - The company forecasted revenue of about $11.3 billion for the fiscal second quarter, which ends in July, falling short of analysts’ average estimate of $11.4 billion.

Yahoo Finance - Salesforce's fiscal first-quarter remaining performance obligations were $67.9 billion, compared to analysts’ average estimate of $68.9 billion.

Techmeme - Agentforce's annual recurring revenue increased by 205% to $1.2 billion.

Yahoo Finance - Salesforce's stock declined about 33% this year, closing at $177.51 before sliding about 2% in extended trading.

Yahoo Finance - Profit, excluding some items, was $3.88 per share, compared to analysts’ average estimate of $3.13 per share.

WHERE:

Yahoo Finance - The company is based in the software industry, specifically focusing on customer management.

WHEN:

Yahoo Finance - The fiscal second quarter ends in July.

Yahoo Finance - The quarter that ended April 30 reported revenue results.

WHY:

Bloomberg - Salesforce is under pressure to show it can thrive in the AI era amid concerns about potential disruption from artificial intelligence affecting investor sentiment.

Yahoo Finance - Salesforce is under pressure to demonstrate its ability to thrive in the AI era.

Yahoo Finance - Concerns about potential disruption from artificial intelligence are affecting investor sentiment.

HOW:

Bloomberg - Salesforce is promoting Agentforce, an AI tool designed to handle customer service tasks without human oversight, although its capabilities do not always match Salesforce’s marketing.

Yahoo Finance - Salesforce is promoting Agentforce, an AI tool designed to handle customer service tasks without human oversight.

Yahoo Finance - The use of AI models within Salesforce’s platform has more than doubled compared to the prior quarter.

(UPDATED May 28, 2026 14:15 UTC)

Salesforce has kicked off its largest-ever accelerated share repurchase, committing $25 billion as part of a $50 billion stock buyback authorization approved earlier this year. In the first quarter of fiscal 2027, the company returned a total of $27.5 billion to shareholders, which includes a significant $27.1 billion from this mega-share block purchase along with $365 million in dividends. Additionally, Salesforce has slightly raised its full-year revenue outlook to between $45.9 billion and $46.2 billion, while also adjusting its free cash flow growth guidance down to 4% to 5% year-over-year.

(UPDATED May 28, 2026 06:22 UTC)

Salesforce has reported a revenue outlook for the fiscal second quarter of about $11.3 billion, falling short of analysts’ average estimate of $11.4 billion, while its fiscal first-quarter remaining performance obligations stood at $67.9 billion, also below expectations. The company's stock has dropped approximately 33% this year, reflecting a broader decline in the application software sector, and despite the introduction of its AI tool, Agentforce, analysts remain skeptical about its impact on overall performance. Executive Vice President Mike Spencer emphasized the growing adoption and usage of their services, but analyst Raimo Lenschow cautioned that the positive results from Agentforce might not be sufficient to elicit a significant market reaction.

(UPDATED May 28, 2026 01:34 UTC)

Salesforce's Agentforce is projected to contribute $1.2 billion in annual revenue, a significant increase from $800 million reported in February. The company's Chief Financial and Operating Officer, Robin Washington, has indicated that Salesforce anticipates revenue growth will accelerate in the second half of the year. This positive outlook highlights the ongoing expansion and success of Salesforce's offerings.

(UPDATED May 27, 2026 23:25 UTC)

Salesforce Inc., the leading maker of customer management software, reported fiscal first-quarter revenue of $11.1 billion, marking a 13% increase year-over-year, while also forecasting about $11.3 billion for the upcoming fiscal second quarter, which ends in July, falling short of analysts’ expectations. The company’s stock has declined about 33% this year, closing at $177.51 before dropping another 2% in extended trading, as concerns about potential disruption from artificial intelligence weigh on investor sentiment. Meanwhile, Salesforce is promoting Agentforce, an AI tool designed for customer service tasks, and has seen the use of AI models within its platform more than double compared to the previous quarter.