Salesforce shares rise 20% in a month on AI-driven growth
Salesforce declined by 25% this year due to fears of artificial intelligence replacing SaaS companies.
However, the company is gaining market share thanks to AI, with agentic AI driving growth.
Salesforce delivered 3.8 billion Agentic Work Units to its customers, showing a 111% sequential growth rate, and its revenue for the first quarter was up by 13% year over year.
The company expects $11.31 billion in revenue at the midpoint of its fiscal 2027 second-quarter guidance, implying 10% to 11% year-over-year growth.