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Salesforce projects over $60 billion in revenue by 2030 as AI rollout accelerates

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Salesforce has raised its long-term outlook, forecasting revenue of more than $60 billion by 2030, surpassing Wall Street’s expectations of $58.37 billion. The projection, revealed during the company’s Dreamforce event, underscores confidence in its aggressive push to integrate artificial intelligence across all cloud services.

The forecast excludes the impact of Salesforce’s pending $8 billion acquisition of Informatica, a deal aimed at strengthening the company’s AI and data management capabilities. Informatica’s software helps businesses handle complex data integration and governance — key to powering AI-driven decision-making across Salesforce’s platform.

The company’s new Agentforce AI platform, which automates tasks and enhances operational efficiency, is expected to play a major role in future growth. Salesforce said Agentforce 360 will soon be available globally across its cloud suite, offering businesses new tools to improve productivity and cut costs.

Despite economic uncertainty and cautious corporate spending, Salesforce remains optimistic. Its shares jumped nearly 4% in after-hours trading following the announcement, even as the stock is still down 29% this year.

In addition to its growth forecast, Salesforce unveiled a $7 billion share buyback program to be completed over the next six months — a signal of confidence in its long-term profitability and cash flow strength.

Google says over 100 firms likely hit in Oracle-linked hacking campaign

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Google warned that more than 100 companies may have been compromised in a massive cyberattack targeting Oracle’s E-Business Suite, a core system used by corporations to manage supply chains, customer data, and manufacturing operations.

In a statement released Thursday, Google said “mass amounts of customer data” were stolen in the attack, which may have begun three months ago. The company attributed the breach to the CL0P ransomware group, known for large-scale cyber intrusions exploiting third-party software vulnerabilities.

“This level of investment suggests the threat actor dedicated significant resources to pre-attack research,” Google’s cybersecurity division said. Analyst Austin Larsen added that while dozens of victims have been confirmed, “based on the scale of previous CL0P campaigns, it is likely there are over a hundred.”

The breach appears to have targeted Oracle’s E-Business Suite, used by corporations worldwide to manage sensitive operations including logistics, customer relations, and payments. Oracle has not publicly commented beyond acknowledging ongoing extortion attempts against some clients.

CL0P, which has previously claimed responsibility for major data thefts, told Reuters earlier this week that Oracle had “bugged up their core product.” The group is reportedly threatening to publish stolen data unless ransom demands are met.

Cyber experts say the scale of the attack could rival the MOVEit hack of 2023, underlining the growing risk of supply chain breaches that exploit trusted enterprise software systems.

Cascadia Capital Expands Into Tech M&A With New Silicon Valley Office

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Cascadia Capital, a U.S.-based boutique investment bank, is making a strategic push into technology mergers and acquisitions (M&A) with the opening of a new Silicon Valley office and the appointment of veteran banker Jonathan Cantwell to lead its new technology group, company executives told Reuters.

NEW LEADERSHIP AND STRATEGIC FOCUS

Cantwell, previously partner and head of software investment banking at GP Bullhound, will oversee the firm’s technology advisory practice, focusing on enterprise Software-as-a-Service (SaaS) and artificial intelligence (AI) companies.

He will lead recruitment for the new office and aims to build a 20-member team specializing in advising growth-stage technology firms with enterprise values of up to $2 billion.
Cascadia plans to leverage Cantwell’s strong M&A track record, which includes PeakAI’s sale to UiPath (PATH.N) and Compendium’s sale to Oracle (ORCL.N).

“We’re at this inflection point where many high-growth software and AI companies will need experienced advisors,” Cantwell said. “It’s the right moment to build a new practice focused on enterprise automation, data analytics, and digital applications.”

INVESTMENT BACKING AND GROWTH PLANS

Cascadia’s expansion is supported by Atlas Merchant Group, led by former Barclays CEO Bob Diamond, which made an eight-figure investment in Cascadia in 2022 to fuel its growth.
Diamond highlighted that the move aligns with the convergence between digital assets, traditional finance, and the increasing dominance of AI-driven innovation in financial markets.

“You have the importance of software, the importance of AI, and the merging of traditional finance with digital technologies,” Diamond said. “It couldn’t be a better time to enter the tech M&A space.”

EXPANDING BEYOND CORE SECTORS

Cascadia Capital, led by CEO Michael Butler, a former Morgan Stanley executive, already operates successful M&A practices in consumer goods, food and agribusiness, industrials, and business services.
With its new Silicon Valley hub, the firm aims to position itself as a go-to advisor for mid-market software and AI companies, helping them navigate consolidation, fundraising, and acquisition opportunities amid a surge in sectoral deal activity.

As global demand for AI-driven enterprise software and automation technologies accelerates, Cascadia’s new practice underscores a broader trend of boutique advisory firms pivoting toward high-value, data-centric industries.