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Salesforce Lifts Revenue Outlook as Agentforce Surges Past $1 Billion in ARR

WebProNews·Dave Ritchie·3 days ago
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Salesforce delivered another quarter of record results. Revenue reached $11.1 billion in the first quarter of fiscal 2027. That figure climbed 13 percent from a year earlier. The company topped expectations on the top and bottom lines. Yet shares slipped in after-hours trading. Investors weighed the raised guidance against questions about long-term artificial-intelligence momentum and cash-flow adjustments. The numbers tell a story of steady progress. Subscription and support revenue hit $10.6 billion, up 14 percent. Current remaining performance obligation grew 14 percent to $33.6 billion. Total remaining performance obligation stood at $67.9 billion. Non-GAAP operating margin expanded to 34.8 percent. GAAP earnings per share rose 52 percent to $2.42 while non-GAAP earnings per share increased 50 percent to $3.88. Free cash flow advanced 4 percent to $6.6 billion. But one metric stood out. Agentforce annual recurring revenue crossed $1.2 billion. That represents 205 percent growth from the prior year.…

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