Salesforce Inc (NYSE:CRM, ETR:FOO) will report its fourth quarter earnings after the stock market closes on Wednesday, with AI-related demand expected to have driven significant revenue growth for the cloud-based software firm.
Analysts and investors alike are optimistic about Salesforce's AI-driven initiatives, particularly the early momentum of Agentforce, which could contribute to future growth.
The company projected Q4 sales in the range of $9.9 billion to $10.10 billion.
Wall Street analysts expect revenue of $10.05 billion, which marks an 8% gain from the year-ago quarter.
Salesforce guided earnings per share in the range of $2.57 to $2.62.
The Street expects Salesforce to outperform on this measure, projecting EPS of $2.65.
For the full year, Salesforce is expected to report EPS of $10.02 on revenue of $37.94 billion.
Shares of Salesforce traded flat at about $310 on Monday afternoon, having gained about 3% in the last 12 months.