Salesforce reported fourth quarter revenue of $11.2 billion, an increase of 12% year-over-year, and non-GAAP diluted EPS of $3.81, beating analyst expectations. The results were driven by continued demand and strong momentum from the company's new AI-related offerings.
Key Highlights
- Current remaining performance obligation (cRPO), a key indicator of future revenue, reached $35.1 billion, growing 16% year-over-year (13% in constant currency).
- The company highlighted strong adoption of its AI products, with Agentforce annual recurring revenue (ARR) reaching $800 million, up 169% year-over-year, and closing over 29,000 deals since launch.
- Salesforce initiated fiscal year 2027 revenue guidance of $45.8 billion to $46.2 billion, representing 10% to 11% year-over-year growth.
- The company announced a new $50 billion share repurchase authorization and increased its quarterly dividend by 5.8% to $0.44 per share.