Salesforce Surges on Q1 Earnings and AI Boost
Originally Published 7 months ago — by Investor's Business Daily
Salesforce's stock initially rose then fell 6.4% after reporting Q1 earnings that beat estimates, with revenue guidance for the upcoming quarter also surpassing expectations. The company slightly raised its fiscal 2026 revenue outlook despite decelerating growth in core cloud segments, partly offset by data cloud and AI tailwinds. Salesforce announced an $8 billion acquisition of Informatica to bolster its AI capabilities, though some analysts remain cautious about the deal's impact on margins and growth. Overall, Salesforce maintains a positive outlook with ongoing investments in AI and expansion into new markets.