“`html
Salesforce, Inc. (CRM) reported significant growth for its Data Cloud platform, which saw annual recurring revenues rise 120% year over year in the first quarter of fiscal 2026, with over 22 trillion data points stored. Nearly 60% of the top 100 deals included both Data Cloud and AI capabilities, indicating strong adoption from existing clients.
Salesforce’s total revenue growth has slowed to 7.7% year over year, prompting competition from companies like Microsoft Corporation and Snowflake Inc.. Microsoft integrates data services within its Azure Data platform, while Snowflake specializes in cloud-based data warehousing.
Salesforce shares have dropped 29.1% year to date, contrasting with a 20.8% growth in the software industry. The company’s forward price-to-earnings ratio is currently at 19.77, significantly below the industry average of 35.58, with fiscal 2026 and 2027 earnings estimated to increase by approximately 10.8% and 11.5%, respectively.
“`
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
