Customer relationship management company Salesforce Inc. (NYSE: CRM) reported stronger-than-expected earnings for the first quarter of fiscal 2027, aided by a double-digit growth in revenues.
First-quarter revenue increased 13% year-over-year to $11.1 billion and came in above Wall Street’s expectations. On a constant currency basis, revenue grew 12%.
Earnings, excluding one-off items, were $3.88 per share in Q1, sharply higher than $2.58 per share reported in the year-ago quarter and above analysts’ forecasts. On a reported basis, first-quarter net income rose to $2.11 billion or $2.42 per share from $1.54 billion or $1.59 per share in Q1 2026.
Marc Benioff, CEO of Salesforce, said, “Agentic AI is the biggest growth opportunity for our customers, and for Salesforce. We’re the #1 Agentic CRM, with Agentforce now powering every Customer 360 application and helping tens of thousands of businesses across every industry transform into Agentic Enterprises.”
For the second quarter of FY27, the company expects revenue to be in the range of $11.27 billion to $11.35 billion, and adjusted earnings between $3.25 per share and $3.27 per share.
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