Salesforce issues revenue target of over $63 billion for fiscal 2030, beating estimates
Salesforce issued some updated longer-term financials at its annual Dreamforce conference.
TL;DR
- Salesforce projects over $63 billion in revenue for fiscal 2030, exceeding analyst expectations of $59.2 billion.
- The company addressed 'SaaSpocalypse' concerns by reporting better-than-expected results and issuing an optimistic forecast.
- A $2.6 billion gain on strategic investments, including a bet on Anthropic, boosted profits.
- Salesforce announced Claudeforce, allowing organizations to work with Salesforce data in Anthropic's Claude.
- OpenAI's Sam Altman, Anthropic's Dario Amodei, and Nvidia's Jensen Huang were keynote speakers at Dreamforce.
- Salesforce has repurchased approximately $60 billion worth of its own shares.
- CEO Marc Benioff stated that the company's investment in Anthropic stock is expected to be profitable.