Salesforce forecasts revenue above $63 billion in fiscal 2030 — CNBC — CNBC Top News
Salesforce forecast revenue of more than $63 billion in fiscal 2030 at its annual Dreamforce conference in San Francisco. This is above the expectations of analysts surveyed by LSEG, who estimated the company’s annual sales at $59.2 billion, CNBC Top News reports.
AI and financial results
Salesforce co-founder and CEO Marc Benioff said at the conference that the industry is going through a period of large-scale change for the corporate sector. Dreamforce is taking place this year amid discussions about the possible impact of powerful artificial intelligence models on the business of software developers.
Last month, Salesforce reported better-than-expected results and provided a positive outlook. The company’s profit was supported by $2.6 billion in income from strategic investments following an investment in Anthropic. After the earnings report, Salesforce shares rose nearly 23% — their best performance since 2020.
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Products and integrations
Salesforce also announced Claudeforce, a solution that enables organizations to work with Salesforce data in Anthropic’s Claude. Salesforce President of Applications and Marketing Patrick Stokes told investors and analysts that up to 1,000 customers had signed up to participate in the beta version of the solution with Claude.
At Dreamforce, the company promoted Koa, an AI reasoning model based on an Nvidia model, and also demonstrated dedicated dashboards with Salesforce data available in Claude. Participants in the conference’s keynote speeches included Sam Altman of OpenAI, Dario Amodei of Anthropic, and Jensen Huang of Nvidia.
Salesforce President and Chief Revenue Officer Alexa Vignone said that over the past three months, Slack has become a hub for communication with AI agents. According to Salesforce Chief Operating and Financial Officer Robin Washington, the company has cumulatively repurchased $60 billion of its own shares. On Wednesday, Salesforce shares closed above $250.
