04:48 PM EDT, 05/28/2025 (MT Newswires) -- Salesforce ( CRM ) late Wednesday reported fiscal first-quarter results that exceeded Wall Street's estimates as the customer relationship management platform benefitted from artificial intelligence momentum.

Revenue gained 8% year-over-year to $9.83 billion during the three months ended April 30, above the $9.75 billion consensus compiled by FactSet. Adjusted earnings per share rose to $2.58 from $2.44, compared with the market's $2.55 view.

Shares were up 2.1% in after-hours trading.

Data cloud and AI annual recurring revenue soared 120% year-on-year to more than $1 billion. Subscription and support revenue increased 8% to $9.3 billion.

Salesforce ( CRM ) said it expects fiscal 2026 adjusted EPS of $11.27 to $11.33, compared with $11.09 to $11.17 previously anticipated. Revenue is seen growing 8% to 9% at $41 billion to $41.3 billion, up from the prior outlook that called for $40.5 billion to $40.9 billion. The consensus is for adjusted EPS of $11.17 on revenue of $40.82 billion.

For the current quarter, the company projects adjusted EPS of $2.76 to $2.78 on revenue between $10.11 billion and $10.16 billion, which would reflect 8% to 9% annual growth. The Street is projecting $2.74 and $10.02 billion, respectively.

Salesforce ( CRM ) agreed to acquire cloud data management firm Informatica ( INFA ) in a deal worth about $8 billion, according to a joint statement released Tuesday.

That transaction will create "the most complete, intelligent AI and data platform for the enterprise," Salesforce ( CRM ) Chief Executive Marc Benioff said in a statement on Wednesday.