Salesforce reported fourth-quarter earnings that exceeded Wall Street expectations, with adjusted EPS of $3.81 beating analysts' estimates of $3.05. Revenue reached $11.2 billion, slightly above consensus expectations of $11.18 billion. The enterprise software giant also announced a $50 billion share repurchase program authorization.

For the first quarter of fiscal 2027, Salesforce projects EPS between $3.11 and $3.13, ahead of estimates of $3.01, with revenue guidance of $11.03 billion to $11.08 billion. Full-year fiscal 2027 guidance calls for EPS of $13.11 to $13.19 and revenue between $45.8 billion and $46.2 billion, largely in line with market expectations.

Salesforce is betting heavily on its artificial intelligence offerings, particularly its Agentforce platform, as a new growth driver. The company has positioned Agentforce as a way for businesses to deploy autonomous AI agents to automate workflows and handle administrative tasks. This AI push comes as demand for automation tools increases, with companies seeking to cut costs and improve productivity. Despite the strong earnings report, Salesforce shares fell 3% in extended trading on Wednesday.