Salesforce reports Q1 revenue up 13% YoY to $11.13B, vs. $11.05B est., Agentforce annual recurring revenue up 205% to $1.2B, and forecasts Q2 revenue below est.

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Summary

Salesforce reported Q1 revenue of $11.13 billion, a 13% increase year-over-year, and Agentforce annual recurring revenue of $1.2 billion, a 205% increase. However, the company forecasts Q2 revenue below estimates.

Why it matters

Salesforce's Q1 revenue growth and Agentforce's strong performance are significant, but the company's Q2 revenue forecast suggests a potential slowdown.

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