Salesforce Aims for $60 Billion Revenue by 2030 with AI Solutions
Salesforce Sets Ambitious Revenue Goal
Salesforce Inc. (NYSE: CRM) experienced a notable increase of 3.56% in after-hours trading, boosting its stock price to $245.00 following their exciting Investor Day presentation held during Dreamforce. This event showcased the company's forward-looking vision, particularly aiming for a staggering revenue goal exceeding $60 billion by the fiscal year 2030.
Strategic Partnerships Fuel Growth
Earlier this week, Salesforce announced an extensive strategic partnership with OpenAI, led by Sam Altman, and committed to investing $15 billion over five years. This collaboration signals Salesforce's determination to enhance its offerings through advanced technology and artificial intelligence solutions.
Details of the Revenue Target
The ambitious revenue target implies a compounded annual growth rate of over 10% from FY26 to FY30. Notably, this figure excludes contributions from Informatica, which highlights the organic growth expectations of the company.
50 by FY30 Initiative
In addition to its revenue target, Salesforce introduced its “50 by FY30” Profitable Growth Framework. This plan focuses on achieving a combined growth rate of constant currency subscriptions and operating margin, aiming to reach a total of 50 by the end of the fiscal year 2030.
Strong Growth in Data and AI Division
Salesforce's Data and AI business generated impressive revenue of $1.2 billion in the second quarter, reflecting a remarkable year-over-year growth of 120%. The platform for creating autonomous AI agents, known as Agentforce, has significantly contributed to this growth.
Agentforce Success
With over 12,000 customers, including reputable brands such as Dell (NYSE: DELL), FedEx (NYSE: FDX), and PepsiCo (NASDAQ: PEP), the combined annual recurring revenue from Agentforce has reached approximately $440 million. This ascent illustrates the broad acceptance and interest in Salesforce's innovative AI solutions.
Executive Insights
Marc Benioff, Chair and CEO of Salesforce, remarked that Agentforce is at the center of their strategy, being their fastest-growing organic product to date. Additionally, Chief Financial Officer Robin Washington highlighted that over $10 billion has been invested into organic research and development, contributing to the platform's success since the start of the fiscal year.
Current Stock Performance
Despite the recent positive developments, Salesforce shares have dipped 29.24% in the year to date. After achieving a high of $359.95 at the beginning of the year, the stock has seen considerable fluctuation, dropping to $236.58 at Wednesday's close. Over the past year, Salesforce has traded between $226.48 and $369.00, currently holding a market capitalization of $225.22 billion.
Trading Insights
The average daily trading volume stands at 10.01 million shares, with a price-to-earnings ratio of 34.33 and a modest dividend yield of 0.70%. Recently, Salesforce experienced a decline of 1.33% during the regular trading session.
Frequently Asked Questions
What revenue target has Salesforce set for 2030?
Salesforce aims to exceed $60 billion in revenue by the fiscal year 2030.
What is the significance of the partnership with OpenAI?
The partnership with OpenAI includes a $15 billion investment to enhance Salesforce's artificial intelligence and cloud-based offerings.
Can you explain the “50 by FY30” initiative?
This initiative focuses on achieving a combined growth rate of subscription revenues and operating margins to reach a total of 50 by the end of FY30.
How has Salesforce's AI business performed recently?
Salesforce's Data and AI business reported a revenue of $1.2 billion in the second quarter, marking a 120% increase from the previous year.
What is the current stock performance of Salesforce?
Salesforce shares have decreased 29.24% in 2025, with a trading range between $226.48 and $369.00 over the past year.
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