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Salesforce Reports Record Sales, Raises Guidance, as It Stepped Up Acquisition Spree

The company’s shares fell more than 5 percent during early afternoon trading on May 29.
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Salesforce Reports Record Sales, Raises Guidance, as It Stepped Up Acquisition Spree
The Salesforce logo is seen at Salesforce Tower in San Francisco in a file photo. Stephen Lam/Getty Images
Panos Mourdoukoutas
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News Analysis

Salesforce reported record sales for the first quarter of fiscal year 2026 and raised its guidance for the next quarter as it steps up acquisitions to build a unified enterprise AI platform. However, Wall Street has grown skeptical of this strategy, which has yet to demonstrate that it is a more effective way to allocate capital in pursuit of new business opportunities.

Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”