Salesforce (CRM)’s (CRM) recently announced first quarter results that soared past market expectations. The company recently made a few acquisitions to continue its growth trajectory.
Salesforce’s Financials
Salesforce’s revenue grew 13% to $11.13 billion, ahead of analyst estimates of $11.05 billion. EPS of $3.88 was also ahead of analyst estimates of $3.12.
Among key segments, subscription revenues grew from $9.3 billion to $10.6 billion. Professional services improved 2% to 540 million.
For the second quarter, Salesforce expects revenues of $11.27-$11.35 billion and an EPS of $3.25-$3.27 compared with market estimates of $11.36 billion revenues and EPS of $3.25. The company expects revenues of $45.9-$46.2 billion and an EPS of $14.06-$14.12 for the year. The market was looking for revenues of $46.12 billion and an EPS of $13.22 for the year.
Salesforce’s stock is trading at $200.84 with a market capitalization of $157.6 billion. It hit a 52-week high of $276.80 a year ago and has recovered from the 52-week low of $163.52 that it had fallen to in April.
Salesforce’s Acquisitions
Recently Salesforce announced plans to acquire Momentum, a leading conversational insights and revenue orchestration platform, for an undisclosed sum. San Francisco-based Momentum was founded by Santiago Suarez Ordoñez and Moiz Virani in 2020. Its orchestration platform is known for turning meeting transcripts and email threads into usable, structured data.
Salesforce plans to leverage the acquisition to extend the ability of Agentforce 360 and Slackbot. The integration will enable Salesforce to capture interactions and analyze unstructured data from third-party video channels and apply insights directly to agentic workflows. The acquisition helps move Salesforce further away from simply being a CRM recording and dashboarding tool to one that allows for Salesforce to build a workflow layer so that insights can immediately trigger actions. Prior to the acquisition, Momentum was privately held and did not disclose its financials.
Earlier in the year, Salesforce had also announced plans to acquire Cimulate, an emerging leader in AI-powered product discovery and agentic commerce, for an undisclosed sum. Cimulate is known for its intent-aware context engine that has been built for the retail industry. Its platform combines real and simulated shopper journey data to better understand shopper intent. It enables more relevant search results and personalized discovery experiences across the customer’s journey.
Salesforce plans to integrate Cimulate’s capabilities with Agentforce Commerce to help retailers deliver improved search experiences. Prior to the acquisition, Cimulate was privately held. It was founded in 2023 by John Andrews and Vivek Farias to move the industry beyond legacy, keyword-based search toward intent-driven discovery.
Layoffs at Salesforce
Unlike other tech giants that have announced mass layoffs, Salesforce is not conducting very big layoffs, but is evaluating the need for increased headcount within engineering and general and administrative departments. Reports suggest that earlier this year it eliminated almost 1,000 jobs.
Salesforce stock has been under immense pressure for a while. The concern about pricing on Agentforce continues to hang over the stock despite heavy-duty adoption of the technology. The market expects more layoffs and cost-cutting to rationalize the slowdown in revenue growth. While it struggles to meet the market’s growth expectations, it is surpassing the earnings forecasts. This trend is likely to continue as they navigate the continued pricing pressure.
As of April 2026, the global tech industry has recorded 78,557 layoffs, with 76.7% occurring in U.S. companies. While giants like Oracle (ORCL) (25,000+), Amazon (AMZN) (16,000), and Block (4,000) lead the charge, a disturbing pattern has emerged.
According to research by Alan Cohen (RationalFX), nearly half of these job losses are now explicitly tied to “AI Restructuring.” However, a deeper analysis suggests that AI is often being used as an “AI-as-an-excuse” narrative to justify aggressive cost-cutting and boost sagging stock prices. Companies like Oracle have automated the termination process itself, firing thousands via 6:00 AM emails—a cold-blooded approach that reflects a total deficit of empathy and human kindness.
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