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Salesforce CEO vows strong products and share buybacks amid stock slump and AI concerns

Market News
27 May 2026
CNBC
View Source
Neutral
pluang ai news

Salesforce CEO Marc Benioff outlined the company's strategy to counter its stock decline by focusing on delivering strong products and accelerating share buybacks, having repurchased $27.1 billion in stock. Despite concerns about AI platforms like Anthropic and OpenAI disrupting traditional software, Benioff emphasized Salesforce's record quarter and integration of AI tools into Slack as strengths. The company’s CFO highlighted that buybacks reduced share count by 10% year-over-year and boosted earnings per share. Salesforce aims to maintain customer success and revenue growth despite market challenges.

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