Salesforce (CRM) official guidance

Alongside this organic growth, our raise incorporates a $200 million expected contribution from the anticipated closings of Contentful and Fin in the coming weeks.

We continue to expect operating and free cash flow growth of approximately 4%-5% year-over-year.

We continue to expect operating and free cash flow growth of approximately 4%-5% year-over-year.

We're holding our non-GAAP operating margin guidance at approximately 34.3%, and we're updating our GAAP operating margin guidance to approximately 20.1%.

We're holding our non-GAAP operating margin guidance at approximately 34.3%, and we're updating our GAAP operating margin guidance to approximately 20.1%.

H1 net new AOV growth significantly outpaced AOV growth, keeping us on track for second half organic revenue re-acceleration.

Q3 CRPO growth is expected to be approximately 14% year-over-year in constant currency.

This brings our updated FY 2027 guidance for revenue to $46.1 billion-$46.4 billion, resulting in subscription and support growth of slightly above 12% year-over-year and slightly under 12% in constant currency.

Moving to our Q3 guidance, we expect Q3 revenue of $11.42 billion-$11.5 billion, growth of approximately 11%-12% in constant currency.

This brings our updated FY 2027 guidance for revenue to $46.1 billion-$46.4 billion, resulting in subscription and support growth of slightly above 12% year-over-year and slightly under 12% in constant currency.

This brings our updated FY 2027 guidance for revenue to $46.1 billion-$46.4 billion, resulting in subscription and support growth of slightly above 12% year-over-year and slightly under 12% in constant currency.

| Capital expenditures | N/A | Approximately 1.5% of revenue |

| Shares used in computing diluted net income per share (millions)(5) | 827 | | 838 |

| Shares used in computing diluted net income per share (millions)(5) | 827 | | 838 |

The Company's GAAP tax provision is expected to be approximately 21.8% for the three months ended October 31, 2026 and 22.3% for the year ended January 31, 2027.

The Company's GAAP tax provision is expected to be approximately 21.8% for the three months ended October 31, 2026 and 22.3% for the year ended January 31, 2027.

For fiscal 2027, the Company uses a projected non-GAAP tax rate of 20.5%, which reflects currently available information, as well as other factors and assumptions.

Diluted net income per share | $10.21 - $10.25 | $16.67 - $16.71

Diluted net income per share | $1.81 - $1.83 | $3.42 - $3.44

Diluted net income per share | $10.21 - $10.25 | $16.67 - $16.71

Diluted net income per share | $1.81 - $1.83 | $3.42 - $3.44

| Free cash flow growth | N/A | Approximately 4% - 5% |

| Operating cash flow growth | Approximately 4% - 5% | N/A |

| Current remaining performance obligation growth(3) | Approximately 14% | Approximately 14% CC, $100M Y/Y FX |

| Current remaining performance obligation growth(3) | Approximately 14% | Approximately 14% CC, $100M Y/Y FX |

Revenue | $11.42 - $11.5 billion | N/A

| Subscription and support revenue growth(4) | Slightly above 12% | Slightly under 12% CC |

| Subscription and support revenue growth(4) | Slightly above 12% | Slightly under 12% CC |

| Revenue growth(2) | 11% - 12% | Approximately 11% CC, $200M Y/Y FX |

| Revenue growth(2) | 11% - 12% | 11% - 12% CC, $0M Y/Y FX |

As we march to FY 2030 in that Rule of 50, our ability to leverage these tools to improve our productivity is a critical component of how we're going to get to Rule of 50.

Q2 cRPO growth is expected to be approximately 13% year-over-year in constant currency.

We expect Q2 revenue of $11.27 billion-$11.35 billion, growth of approximately 10% in constant currency.

As Miguel Milano said, grow the top line, $63 billion-plus with Informatica, but also improve margins and operating profitability.

Shares used in computing diluted net income per share (millions)(5) | 823 | | 839 |

The Company's GAAP tax provision is expected to be approximately 21.5% for the three months ended July 31, 2026 and 22.0% for the year ended January 31, 2027.

Diluted net income per share | $1.74 - $1.76 | $3.25 - $3.27

Diluted net income per share | $1.74 - $1.76 | $3.25 - $3.27

Current remaining performance obligation growth(3) | Approximately 14% | Approximately 13% CC, $200M Y/Y FX

Current remaining performance obligation growth(3) | Approximately 14% | Approximately 13% CC, $200M Y/Y FX

Revenue growth(2) | 10% - 11% | 10% CC, $50M Y/Y FX

I think that when you look at such a huge cash flow number, although we just finished a $15 billion year, coming into it, what will we be? Probably at least a $16.5 billion cash flow year.

CRPO growth for Q1 is expected to be approximately 14% year-over-year in nominal and approximately 13% year-over-year in constant currency.

CRPO growth for Q1 is expected to be approximately 14% year-over-year in nominal and approximately 13% year-over-year in constant currency.

Turning to Q1 guidance, we expect revenue of $11.03 billion to $11.08 billion, growth of approximately 12%-13% in nominal and 10%-11% in constant currency.

| Shares used in computing diluted net income per share (millions)(5) | 937 | | 943 | |

The Company's GAAP tax provision is expected to be approximately 21.0% for the three months ended April 30, 2026 and for the year ended January 31, 2027.

| Diluted net income per share | $1.77 - $1.79 | $3.11 - $3.13 |

| Diluted net income per share | $1.77 - $1.79 | $3.11 - $3.13 |

| Current remaining performance obligation growth(3) | Approximately 14% | Approximately 13% CC, $100M Y/Y FX |

| Current remaining performance obligation growth(3) | Approximately 14% | Approximately 13% CC, $100M Y/Y FX |

| Revenue growth(2) | 10% - 11% | Approximately 10% - 11% CC, $300M Y/Y FX |

| Revenue growth(2) | 12% - 13% | 10% - 11% CC, $175M Y/Y FX |

| Revenue growth(2) | 12% - 13% | 10% - 11% CC, $175M Y/Y FX |

We expect capital expenditures to remain slightly below 2% of revenue, resulting in free cash flow growth of approximately 13%-14%.

We expect capital expenditures to remain slightly below 2% of revenue, resulting in free cash flow growth of approximately 13%-14%.

And we expect to finish the year with nearly $15 billion in operating cash flow.

We are raising our annual guidance on operating cash flow growth to approximately 13%-14% growth as a result of our strong Q3 bookings performance.

As a result of the close timing of Informatica, we are maintaining our non-GAAP operating margin guidance at 34.1% and adjusting our GAAP operating margin to 20.3%.

As a result of the close timing of Informatica, we are maintaining our non-GAAP operating margin guidance at 34.1% and adjusting our GAAP operating margin to 20.3%.

Organic cRPO growth for Q4 is expected to be approximately 11% year over year in nominal and 9% year over year in constant currency.

Organic cRPO growth for Q4 is expected to be approximately 11% year over year in nominal and 9% year over year in constant currency.

Turning to total revenue, we are narrowing our fiscal year 26 revenue guidance on an organic basis to $41.15-$41.25 billion, growth of approximately 9% in nominal and 8% in constant currency.

Starting with subscription and support revenue, we are reiterating our fiscal year 26 organic subscription and support growth guidance of approximately 9% year over year in constant currency.

We anticipate a contribution of approximately 80 basis points from Informatica, resulting in fiscal year 26 revenue of $41.45 billion-$41.55 billion, or approximately 9%-10% in nominal and approximately 9% in constant currency.

| Shares used in computing diluted net income per share (millions)(5) | 954 | | 959 | |

| Shares used in computing diluted net income per share (millions)(5) | 954 | | 959 | |

The Company's GAAP tax provision is expected to be approximately 22.4% for the three months ended January 31, 2026 and 20.5% for the year ended January 31, 2026.

The Company's GAAP tax provision is expected to be approximately 22.4% for the three months ended January 31, 2026 and 20.5% for the year ended January 31, 2026.

For fiscal 2026, the Company uses a projected non-GAAP tax rate of 22.0%, which reflects currently available information, as well as other factors and assumptions.

| Diluted net income per share | $7.22 - $7.24 | $11.75 - $11.77 |

| Diluted net income per share | $1.47 - $1.49 | $3.02 - $3.04 |

| Diluted net income per share | $7.22 - $7.24 | $11.75 - $11.77 |

| Diluted net income per share | $1.47 - $1.49 | $3.02 - $3.04 |

| Current remaining performance obligation growth(3) | Approximately 15% | Approximately 13% CC, $500M Y/Y FX |

| Current remaining performance obligation growth(3) | Approximately 15% | Approximately 13% CC, $500M Y/Y FX |

| Revenue | $11.13 - $11.23 billion | |

| Subscription & support revenue growth(4) | Slightly above 10% | Slightly below 10% CC |

| Subscription & support revenue growth(4) | Slightly above 10% | Slightly below 10% CC |

| Revenue growth(2) | 9% - 10% | Approximately 9% CC, $275M Y/Y FX |

| Revenue growth(2) | 11% - 12% | 10% - 11% CC, $150M Y/Y FX |

This implies a 10%+ organic FY26 to FY30 compounded annual growth rate (CAGR).