● Covered by 1 source · 1 reportMedium impact1 positive
Salesforce forecasts over $63 billion revenue for fiscal 2030, exceeding analyst estimates
Key points
- Salesforce projects over $63 billion in revenue by fiscal 2030.
- This target exceeds analyst estimates of $59.2 billion.
- The company reported strong earnings and a $2.6 billion gain from Anthropic investment.
- Salesforce introduced Claudeforce and Koa AI reasoning model.
Fiscal 2030 Revenue Projections
During its Dreamforce event, Salesforce provided a revenue forecast of over $63 billion for fiscal year 2030. This projection surpasses the $59.2 billion annual sales estimate previously made by LSEG analysts for the same period.
Rebounding Amid AI Concerns
Salesforce's announcement comes after a challenging year marked by concerns that artificial intelligence advancements could negatively affect its business. The company recently reported better-than-expected earnings and an optimistic forecast, which helped quiet skeptics and led to a nearly 23% stock jump, its best performance since 2020.
A $2.6 billion gain from strategic investments, including a bet on Anthropic, contributed to the profit boost.
New AI Integrations and Partnerships
Salesforce introduced "Claudeforce," enabling organizations to use Salesforce data within Anthropic's Claude AI. The company also promoted Koa, a new AI reasoning model based on Nvidia's technology.
Up to 1,000 clients have signed up for the beta version of Claudeforce. Slack, acquired by Salesforce in 2021, is also emerging as a platform for interacting with AI agents.
Leadership and Market Confidence
CEO Marc Benioff hosted prominent AI industry executives, including OpenAI's Sam Altman, Anthropic's Dario Amodei, and Nvidia's Jensen Huang, at Dreamforce. Salesforce executives expressed confidence in the company's direction, with operating chief Miguel Milano stating that the "SaaSpocalypse" narrative would subside.
Salesforce has also repurchased $60 billion worth of its own shares.
✨ This summary was generated by AI from the outlets' reporting listed below. It is not independently verified and may contain errors — check the original sources. How BrevFeed works →
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Reporting from
Salesforce announced a revenue target exceeding $63 billion for fiscal year 2030, surpassing LSEG analyst estimates of $59.2 billion. This forecast follows a period of concern regarding AI's impact on its business, which the company addressed with better-than-expected recent earnings and new AI integrations.