Salesforce and ServiceNow reported strong quarterly results that challenge the belief AI would harm enterprise software companies. Salesforce's revenue rose 10.8% with AI-driven products like Agentforce growing over 240%, while ServiceNow's revenue surged 24% with AI deployments increasing ninefold. Both companies see AI as expanding their platforms, not replacing them, with Salesforce focusing on data integration and ServiceNow emphasizing governance and cybersecurity. The key question now is whether this growth is sustainable long-term, as Salesforce raised its revenue forecast with modest organic growth and ServiceNow shifts toward non-seat-based AI business models.
Nvidia and Salesforce reported better-than-expected quarterly earnings, challenging key bearish views on their businesses. Salesforce showed its strongest sales growth in four years and expanded AI partnerships, easing fears that AI would reduce dema...
UiPath shares jumped 9% and Pegasystems rose 4% despite neither company reporting earnings this week. The rally follows Salesforce's strong Q2 2027 earnings beat and raised guidance, which boosted confidence in enterprise AI and automation themes sha...
Salesforce, Inc. reported accelerated growth in its core revenue, with a 14% year-over-year increase in cRPO, signaling strong demand despite concerns about AI reducing SaaS value. Its AI-powered products, Agentforce and Data 360, reached nearly $3.9...
Salesforce CEO Marc Benioff rejected concerns about a 'SaaSpocalypse,' stating that AI enhances rather than replaces CRM software. After a strong earnings report and better-than-expected guidance, Salesforce shares rose over 12%. Benioff highlighted ...
Salesforce reported strong Q2 fiscal 2027 results with revenue of $11.3 billion, matching estimates, and adjusted EPS of $5.90, more than double expectations. The company raised its full-year revenue guidance to $46.1-$46.4 billion and adjusted EPS o...
