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Sentiment · FY2027 Q1
| Analyst | Firm | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Keith Weiss | Morgan Stanley | 7 | 29% |
| Brent Thill | Jefferies | 7 | 14% |
| Kirk Materne | Evercore ISI | 6 | 17% |
| Raimo Lenschow | Barclays | 6 | 0% |
| Brad Zelnick | Deutsche Bank | 4 | 0% |
| Kash Rangan | Goldman Sachs | 3 | 67% |
| Mark Murphy | JPMorgan | 3 | 0% |
| Brad Sills | Bank of America | 2 | 0% |
| Gabriela Borges | Goldman Sachs | 2 | 50% |
| Firm | Analysts | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Jefferies | 1 | 7 | 14% |
| Morgan Stanley | 1 | 7 | 29% |
| Barclays | 1 | 6 | 0% |
| Evercore ISI | 1 |
| 6 |
| 17% |
| Goldman Sachs | 2 | 5 | 60% |
| Deutsche Bank | 1 | 4 | 0% |
| JPMorgan | 1 | 3 | 0% |
| Bank of America | 1 | 2 | 0% |
Salesforce delivered record Q1 revenue of $11.13 billion, up 13% year over year, with non-GAAP operating margins expanding 250 basis points to 34.8% as AI coding tools doubled engineering output on flat headcount. Agentforce ARR surpassed $1 billion as token processing hit 28.6 trillion (up 152% quarter over quarter), with a record 98 deals exceeding $1 million in new ACV. Management raised the FY2027 revenue guidance midpoint modestly to $46.05 billion, citing momentum in Agentforce, Data 360, and Slack, though Tableau and commerce cloud remained areas of softness. The newly launched Headless 360 strategy and Slack's 350% quarter-over-quarter AWU growth signal expansion into previously unmonetized surfaces.
Cloud & AI | Demand | Competitive Dynamics | Revenue Growth | Innovation & R&D | Labor Market | Pricing | M&A | |
|---|---|---|---|---|---|---|---|---|
| 2025Q3 | 4 | 1 | 3 | 1 | 1 | 1 | ||
| 2025Q4 | 4 | 3 | 3 | 1 | 1 | 1 | 1 | |
| 2026Q1 | 6 | 5 | 1 | 2 | 2 | 1 | 1 | |
| 2026Q2 | 3 | 3 | 3 | 3 | 1 | 2 | 1 | |
| 2026Q3 | 4 | 4 | 3 | 4 | 1 | 1 | 1 | |
| 2026Q4 | 4 | 2 | 2 | 1 | 1 | 1 | ||
| 2027Q1 | 4 | 3 | 1 | 2 | 2 |
| '25Q3 | '25Q4 | '26Q1 | '26Q2 | '26Q3 | '26Q4 | '27Q1 | |
|---|---|---|---|---|---|---|---|
| Cloud & AI | 4 | 4 | 6 | 3 | 4 | 4 | 4 |
| Demand | 1 | 3 | 5 | 3 | 4 | 2 | 3 |
| Competitive Dynamics | 3 | 3 | 1 | 3 | 3 | 2 | 1 |
| Revenue Growth | 1 | 1 | 2 | 3 | 4 | 1 | 2 |
| Innovation & R&D | 1 | 1 | 2 | 1 | 1 | 2 | |
| Labor Market | 1 | 1 | 2 | 1 | |||
| Pricing | 1 | 1 | 1 | 1 | |||
| M&A | 1 | 1 | 1 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
CRM Salesforce, Inc. | 9 | +13.3% | |
| ADSK Autodesk | 10 | +18.4% | |
| APP Applovin Corp | 9 | +24.1% | |
| CDNS Cadence Design Systems | 9 | +18.7% | |
| DDOG Datadog | 10 | +32.1% | |
| FICO Fair Isaac | 9 | +38.7% | |
| INTU Intuit | 9 | +10.4% | |
| MSTR MicroStrategy Inc. | 7 | +11.9% | |
| NOW ServiceNow | 7 | +22.1% | |
| PTC PTC Inc. | 9 | +21.7% | |
| SHOP Shopify | 8 | +34.3% | |
| TEAM Atlassian | 7 | +31.7% | |
| TTD The Trade Desk, Inc. | 8 | +11.8% | |
| TYL Tyler Technologies | 8 | +8.6% | |
| UBER Uber | 8 | +14.5% | |
| WDAY Workday, Inc. | 9 | +13.5% |