TLDR
- CRM shares advanced 3.22% to $182.22, boosted by positive software sector momentum from Atlassian, Twilio, and Five9 earnings beats.
- Salesforce introduced a restructured revenue framework for FY2027, separating results into “Agentforce Apps” and “Data 360, Platform & Other” segments.
- Barclays elevated Salesforce to a top pick, arguing AI will boost enterprise software spending rather than cannibalize it.
- An expanded Google Cloud collaboration enables AI agents to operate seamlessly across both ecosystems.
- The company’s next quarterly report is scheduled for May 27, 2026, with analysts projecting $2.96 EPS.
Shares of Salesforce surged 3.22% Thursday, reaching $182.22 intraday, as the enterprise software giant benefited from renewed investor enthusiasm across the broader SaaS landscape.
Strong quarterly performances from companies including Atlassian, Twilio, and Five9 sparked a rotation into software equities. Salesforce capitalized on this sector-wide optimism.
But the rally extended beyond simple peer momentum. The company announced a significant change to its financial disclosure approach — a shift that signals where management sees the future headed.
Beginning with fiscal 2027, Salesforce will segment revenue into two distinct categories: “Agentforce Apps,” encompassing Sales Cloud, Slack, MuleSoft, and Tableau, and “Data 360, Platform & Other,” which includes the underlying data infrastructure and platform services.
This isn’t just accounting housekeeping. The reorganization telegraphs a clear message to Wall Street: this is what AI-driven growth looks like when isolated from legacy products.
Recast fiscal 2026 figures provide early insight. Agentforce Apps generated approximately $26.7 billion, reflecting 7% growth. Meanwhile, the platform and data segment posted stronger expansion at 15%, reaching roughly $12.7 billion. Combined subscription and support revenue totaled $39.4 billion, climbing 10% year-over-year.
To smooth the transition, Salesforce will maintain dual reporting under both legacy and new frameworks throughout FY2027 before completing the migration in FY2028.
Barclays Adds Its Weight
On the sell-side, Barclays designated Salesforce among its preferred infrastructure software plays poised to capitalize on artificial intelligence tailwinds. The firm’s thesis centers on AI serving as incremental to enterprise software budgets rather than substitutive — a bullish perspective for CRM shareholders.
Truist Securities also reaffirmed its Buy recommendation following Salesforce’s TDX developer conference. Wall Street consensus gravitates toward a “Moderate Buy” rating, though shares remain significantly discounted from GuruFocus’s fair value calculation of $306.54.
The stock had touched a 52-week bottom at $163.52, making Thursday’s advance a notable rebound from recent lows.
Google Cloud Partnership Expands
Salesforce and Google Cloud unveiled an enhanced strategic alliance enabling AI agents to run integrated workflows spanning both platforms. This development strengthens the business rationale for Agentforce while reinforcing Salesforce’s ambition to serve as the foundational layer for enterprise artificial intelligence.
Broader market conditions also provided support. The S&P 500 climbed 0.67%, the Nasdaq advanced 1.12%, and the Dow edged up 0.14% during the session — creating a favorable backdrop for technology equities.
Salesforce is slated to announce quarterly results on May 27, 2026. Wall Street currently forecasts earnings per share of $2.96.
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