Salesforce Inc (NYSE:CRM, XETRA:FOO) shares added almost 6% after Wednesday’s closing bell as it impressed investors with a solid financial report for third quarter and improved full-year revenue guidance.
The company raised its full-year revenue guidance, now expecting revenue in the range of $41.45 billion to $41.55 billion, representing growth of 9% to 10% over the previous year. This is up from its earlier guidance range of $41.1 billion to $41.3 billion.
Adjusted earnings per share (EPS) are expected to be in the range of $11.75 to $11.77.
For Q3, EPS came in at $3.25, sharply higher than the $2.86 consensus estimate. Revenue of $10.26 billion was slightly below estimates of $10.27 billion.
Current remaining performance obligation (cRPO), a measure of future revenue, was $29.4 billion, up 11% year-over-year.
Salesforce’s AI agent platform Agentforce and global data platform Data 360 annual recurring revenue (ARR) reached nearly $1.4 billion, up 114% year-over-year. Notably, Agentforce ARR surpassed half a billion dollars in the third quarter, up 330% from the year-ago period.
For Q4, the company projected EPS in the range of $3.02 and $3.04, in line with estimates, and revenue between $11 billion and $11.1 billion, beating the consensus of $10.9 billion.
"We are raising fiscal year 2026 revenue guidance to $41.45 billion to $41.55 billion, and Q3 cRPO was exceptional, up 11% year-over-year at $29.4 billion, signaling a powerful pipeline of future revenue," Salesforce CEO Marc Benioff said in a statement.
“Our Agentforce and Data 360 products are the momentum drivers, hitting nearly $1.4 billion in ARR—an explosive 114% year-over-year gain."
Robin Washington, Salesforce CFO, added: “Our Q3 momentum and continued Agentforce adoption further reinforces our path to achieve our $60 billion plus organic revenue target and our Profitable Growth Framework target of 50 by FY30.”