Salesforce Quarterly Results: $11.3B Revenue, FY27 Outlook Raised

The news: Salesforce posted quarterly results for the second quarter of fiscal 2027 on August 26, 2026. Revenue rose 11% to $11.3 billion, including $456 million from Informatica, and the company raised its full-year revenue outlook by $200 million.

By the numbers:

• Revenue: $11.3 billion, up 11% in both nominal and constant currency
• Subscription and support revenue: $10.8 billion, up 12%
• GAAP diluted EPS: $4.29; non-GAAP diluted EPS: $5.90
• GAAP operating margin: 20.5%; non-GAAP: 34.1%
• Current remaining performance obligation: $33.5 billion, up 14% in constant currency
• Operating cash flow: $1.3 billion, up 71%; free cash flow $1.1 billion
• Agentforce and Data 360 ARR: nearly $3.9 billion; Agentforce ARR above $1.5 billion

Why it matters: The quarter was the first full view of Salesforce with Informatica folded in, and the acquired business contributed a visible share of growth. Agentforce, the company’s AI agent product, crossed $1.5 billion in annual recurring revenue, growth of more than 240%. Chief executive Marc Benioff said AI was delivering value across every layer of the platform. GAAP EPS of $4.29 rose 119% from a year earlier and non-GAAP EPS of $5.90 rose 103%, far faster than revenue, which points to margin expansion and other items below the operating line. Subscription and support revenue, the recurring core of the business, grew 12%, or 11% in constant currency, including $440 million from Informatica.

The big picture: Fiscal 2027 revenue guidance now stands at $46.1 billion to $46.4 billion, growth of 11% to 12%, with GAAP EPS of $10.21 to $10.25 and non-GAAP EPS of $16.67 to $16.71. The company also continued a $25 billion accelerated share repurchase and paid $364 million in dividends during the quarter. The guidance raise amounted to $200 million on a nominal basis and $300 million in constant currency. The company expects subscription and support revenue growth slightly above 12% for the year, with a GAAP operating margin of 20.1% and a non-GAAP operating margin of 34.3%.

What’s next: For the third quarter, Salesforce guided to revenue of $11.42 billion to $11.5 billion, cRPO growth of about 14% in constant currency, GAAP EPS of $1.81 to $1.83 and non-GAAP EPS of $3.42 to $3.44. Watch whether organic growth, excluding Informatica, holds steady in the next earnings report.