Salesforce jumps 3% after setting $50B revenue target for 2026

Sep. 21, 2022 5:37 PM ETSalesforce, Inc. (CRM)By: Jason Aycock, SA News Editor21 Comments

Salesforce To Purchase Popular Messaging Platform Slack For 27 Billion

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  • Salesforce stock (NYSE:CRM) has jumped 2.8% postmarket after the company set a revenue target for fiscal 2026 of $50B.
  • The company wrapped up its Dreamforce investor day with the forecast, which represents compound annual growth of 17% along the way - growth it says is driven by its current portfolio.
  • For fiscal 2023, it's guiding to revenue of $30.9B-$31B, from $26.5B in fiscal 2022.
  • It's also looking to a 270-basis point two-year improvement in operating margin, inclusive of merger/acquisition activity.
  • Salesforce also announced it was naming Robin Washington its lead independent director.

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