Salesforce shares rose 12.5% in premarket trading today after the company reported quarterly sales which exceeded estimates.
“We delivered another quarter of exceptional financial performance across revenue, margin, cash flow, and cRPO,” said Marc Benioff, Chair and CEO of Salesforce, in a statement to investors.
The company is relying on Agentforce to boost growth in response to rising demand for AI agents capable of autonomously completing tasks. Benioff remarked, “Agentforce, our complete AI system for enterprises built into the Salesforce Platform, is at the heart of a groundbreaking transformation. The rise of autonomous AI agents is revolutionizing global labor, reshaping how industries operate and scale. With Agentforce, we’re not just witnessing the future—we’re leading it, unleashing a new era of digital labor for every business and every industry.”
“We continue to drive disciplined profitable growth with third quarter GAAP operating margin of 20.0%, up 280 basis points year-over-year, and non-GAAP operating margin of 33.1%, up 190 basis points year-over-year,” stated Amy Weaver, President and CFO of Salesforce, “To date, our total capital returns have surpassed $20 billion and we remain focused on driving shareholder value.”
FY25 will be a key transitional year as Salesforce prepares to bring AI agents to the enterprise market. If gains hold, Salesforce could add over $40 billion to its current market valuation of $316.85 billion.
The company projects FY2025 revenue between $37.8 billion and $38 billion, slightly up from its previous forecast.
By CEO NA Editorial Staff
