Salesforce Forecasts Stronger-Than-Expected Revenue of over $60 Billion in 2030
UPDATE 1-Salesforce forecasts stronger-than-expected revenue of over $60 billion in 2030Adds details, background from paragraph 2. Oct 15 - Salesforce CRM.N expects revenue of more than $60 billion in 2030, above Wall Street estimates, as the company rapidly rolls out AI features across its cloud services.Investors are pressuring cloud firms to show returns on the billions poured into AI, while an uncertain macro environment and volatile customer spending weigh on growth prospects.The forecast excludes the impact from its deal to acquire software-maker Informatica, according to a presentation made at Salesforce's Dreamforce event.Analysts, on average, expect Salesforce to report annual revenue of about $58.37 billion in 2030, according to data compiled by LSEG.Salesforce agreed to buy Informatica for around $8 billion in May to boost its AI capabilities by integrating Informatica's data management, integration, and governance tools into its platform.Its Agentforce AI agent platform au