Overview
- Salesforce reported fourth-quarter revenue of $11.2 billion, up 12% year over year, with adjusted earnings of $3.81 rising 37% as management pointed to growing demand for its AI offerings.
- The stock gained about 4% to close just under $200, the best performer in the Dow that day, though it remains down roughly 25% for the year.
- Full-year guidance came in below expectations as the company forecast fiscal 2027 revenue growth of 10% to 11%, including roughly three percentage points from the Informatica acquisition.
- Wedbush called Salesforce a long-term AI winner and cut its price target to $325, while Goldman Sachs and Deutsche Bank maintained buy ratings with lower targets of $281 and $255.
- Salesforce authorized a new $50 billion share repurchase program, with CEO Marc Benioff citing what he described as low prices for the stock.