Salesforce Inc (NYSE:CRM, ETR:FOO) shares moved higher in after-hours trade as the customer relationship management platform’s first quarter fiscal 2026 financial results topped Wall Street estimates and it boosted its full-year revenue outlook.
The company reported earnings per share (EPS) of $2.58, higher than the consensus estimate of $2.54.
Revenue for the quarter was a record $9.8 billion, up 8% year-over-year and ahead of the $9.75 billion expected.
Current remaining performance obligation (CRPO), a measure of future revenue, grew 12% year-over-year, above the consensus estimate of 10% growth.
Operational highlights included nearly 60% of Q1 top 100 deals including Data Cloud and AI, and closing more than 8,000 deals since launching its AI agent tool Agentforce.
Salesforce also raised its full-year sales guidance by $400 million at the high end, now projecting revenue in the range of $41 billion to $41.3 billion or growth of 8% to 9% year-over-year.
Its acquisition of Informatica, announced on Tuesday, will have no anticipated impact on the company’s fiscal 2026 guidance due to the close timing in early fiscal 2027.
For the second quarter, Salesforce guided revenue in the range of $10.11 billion to $10.16 billion, above Street forecasts of $10.02 billion. EPS is projected to be in the range of $2.76 to $2.78, higher than the $2.72 expected.
“I’m pleased by our momentum as we capitalize on the exciting agentic AI opportunity,” Salesforce CFO Robin Washington said in a statement.
“Our Q1 performance reflects solid execution, driven by our continued focus on innovation, operational excellence, and maximizing value for our customers and shareholders.”
Shares of Salesforce traded up 3.8% at $286 post-earnings.