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May 27, 2026 4:30 PM

Salesforce Tops Estimates In Q1, Shares Wobble On Soft Revenue Outlook

Salesforce Inc (NYSE:CRM) reported financial results for the first quarter of fiscal 2027 after the closing bell on Wednesday. Here’s a rundown of the report.

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Salesforce Q1 Highlights

Salesforce reported first-quarter revenue of $11.13 billion, beating the consensus estimate of $11.05 billion. The enterprise software company posted adjusted earnings of $3.88 per share, well above estimates of $3.12 per share, according to Benzinga Pro.

Total revenue in the quarter was up 13% on a year-over-year basis. Salesforce said it exited the period with total remaining performance obligations of $67.9 billion, up 11% year-over-year.

Salesforce generated an operating cash flow of $6.7 billion and a free cash flow of $6.6 billion in the quarter. The company had ...