Salesforce Predicts 10% Growth and $60B Revenue, CRM Stock Surges
Salesforce stock jumped sharply after the company issued new financial targets for the next few years, with revenue expected to exceed $60B in 2030. This new guidance implies an impressive 10%+ organic FY26 to FY30 compounded annual growth rate (CAGR).
The $60B in 2030 figure exceeds the $58.37B consensus among analysts polled by LSEG, CNBC reports.
At 5 PM on Wednesday, October 15, CRM stock stood at $236.99. At 10 AM on Thursday, October 16, the figure was $253.46 – an increase of $16.47 (6.95%).
Salesforce Issues New Guidance
Salesforce chief operating and financial officer Robin Washington said at an investor briefing at Dreamforce: “We have had some lower-stage growth for a while. That is reaccelerating.”
Washington added: “We are excited about the opportunity we have to return to double-digit growth.”
The CRM giant called for organic year-over-year revenue growth rate above 10% in the 2026-2030 fiscal years.
In a statement, Salesforce Investor Relations said that the company is already seeing strong momentum with its Data and AI offering, which reached $1.2B in Q2, growing 120% year-over-year.
The company disclosed that, combined with Agentforce, its total agentic AI annual recurring revenue (ARR) in Q2 was approximately $440M.
“With more than 12,000 customers of every size and industry adopting Agentforce, Salesforce sees the path for a potential 3x to 4x ARR uplift for customers who expand agentic AI across their business,” the company said.
CEO Marc Benioff said: “We’re leading the next great transformation in business – the era of the Agentic Enterprise – where AI elevates human potential and accelerates growth. Agentforce is at the center of this shift – our fastest-growing organic product ever – driving success for Dell, FedEx, Pandora, PepsiCo, Williams-Sonoma, Inc. and thousands more companies.
“Together with our customers, we’re redefining the future of enterprise software – with humans and agents working together to achieve unprecedented levels of productivity, efficiency, and innovation.”
The guidance does not include the impact from Salesforce’s $8B acquisition of Informatica.
Final Thoughts
At last year’s Dreamforce, Salesforce officially unveiled Agentforce. We’re now on our fifth iteration of Agentforce (Agentforce 360), and Marc Benioff has pointed out that it is the fastest-growing product in the company’s history.
Predictions are, of course, not set in stone, but if we see the kind of growth Salesforce is predicting, it can perhaps be taken as evidence that Agentforce really is the revolutionary product Salesforce claims it is.
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