Salesforce Beats Earnings But Weak Guidance Spooks Investors

Salesforce reported strong first-quarter results, with adjusted earnings per share of $3.88 crushing Wall Street's $3.12 forecast. Revenue rose 13% to $11.13 billion, while net income climbed to $2.11 billion from $1.54 billion a year earlier. Despite the beat, shares barely moved after hours. Weak guidance dampened enthusiasm, with full-year revenue forecast falling short of analyst expectations. CEO Marc Benioff dismissed fears that AI would disrupt the company, pointing to Agentforce's 205% revenue growth and $27.1 billion in share buybacks. Challenges in commerce, Tableau, and post-Informatica acquisition volatility weighed on the outlook.