The business software specialist Salesforce wants to return to double-digit growth rates in the coming years thanks to artificial intelligence (AI) and an acquisition.
The company, which is listed in the Dow Jones Industrial, also announced that it would buy back its own shares. For the 2029/30 financial year, the company expects revenue of more than 60 billion US dollars (around 51.5 billion euros), said CFO Robin Washington on Thursday night at the Capital Markets Day in San Francisco.
This does not yet take into account contributions from the planned takeover of the data management company Informatica, which is scheduled to be completed in the first half of 2026. Even without Informatica, revenue of more than $60 billion would mean an average increase in sales of around ten percent in the coming years.
The medium-term sales forecast is in line with analyst expectations. The experts surveyed by Bloomberg expect an increase to around $61 billion on average.
In January of the past financial year, the SAP industry colleague increased its revenue, adjusted for currency effects, by nine percent to almost $38 billion. The US group therefore recorded slower growth than in previous years. Investors expressed concern that customers would be more likely to commit their AI budgets to startups rather than traditional providers.
Salesforce also plans to buy back additional shares worth seven billion dollars in the next six months, the CFO further announced.
Salesforce by numbers with new momentum
Salesforce shares contributed significantly to the overall good mood in the technology sector (NASDAQ 100) on Thursday after the presentation of quarterly figures. At a peak of $256.74, they climbed to their highest level since the beginning of September.
The Salesforce paper temporarily rose by 4.34 percent to $246.86 on the NYSE. With this they tested the 100-day line for the medium-term trend. They were by far the biggest winner in the moderately higher US leading index Dow Jones Industrial, in which Salesforce is listed. Over the course of the year, however, the shares are still among the biggest losers in the Dow, with a discount of just over a quarter.
The business software specialist wants to return to double-digit growth rates in the coming years thanks to artificial intelligence and an acquisition. The company also announced that it would buy back its own shares. Salesforce expects revenue of more than $60 billion for the 2029/30 financial year. Contributions from the planned takeover of the data management company Informatica have not yet been taken into account.
The bank JPMorgan said that new longer-term targets from Salesforce contradict the theory of continued weakness in sales put forward by pessimists. Bookings from customers also accelerated again. Jefferies analysts called the new sales targets encouraging.
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