Salesforce announces FY30 revenue target of $60B+

Salesforce (CRM) announced a new long-term revenue target of $60B+ by fiscal year FY30, excluding Informatica. This implies a 10%+ organic FY26-FY30 compounded annual growth rate. Additionally, Salesforce announced a new long-term profitable growth framework, 50 by FY30, through which the company aims to have the sum of subscription and support constant currency growth rate and non-GAAP operating margin total 50 by the end of FY30. During its investor day at Dreamforce, the company detailed its path to delivering sustained double-digit revenue growth. Salesforce is already seeing momentum with its data and AI offering, which reached $1.2B in Q2, growing 120% year-over-year. The company disclosed for the first time that, combined with Agentforce, its total agentic AI annual recurring revenue in Q2 was approximately $440M. Salesforce sees the path for a potential 3x to 4x ARR uplift for customers who expand agentic AI across their business. “We’re leading the next great transformation in business – the era of the Agentic Enterprise – where AI elevates human potential and accelerates growth,” said Marc Benioff, chair and CEO of Salesforce. “Agentforce is at the center of this shift – our fastest-growing organic product ever – driving success for Dell, FedEx, Pandora, PepsiCo, Williams-Sonoma, Inc. and thousands more companies. Together with our customers, we’re redefining the future of enterprise software – with humans and agents working together to achieve unprecedented levels of productivity, efficiency, and innovation.” “We have the right strategy, products, and operating model to deliver exceptional growth, customer success, and shareholder returns,” said Robin Washington, chief financial and operating officer, Salesforce. “Our platform was built for this moment – the result of over $10 billion in focused, organic R&D spend since the start of FY24. Seeing this innovation translate into real customer success directly fuels our confidence in delivering sustained double-digit growth and achieving our long-term profitability targets.”