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Salesforce shares fell after its fiscal 2027 revenue update failed to exceed investor expectations despite continued growth in Agentforce and AI products.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street
00:02Salesforce shares fell more than 3% Thursday after the company raised its fiscal
00:062027 revenue outlook to the high end of its previous range, according to Benzinga.
00:11The update may have disappointed investors looking for a larger increase.
00:15J.P. Morgan remained constructive after Salesforce's Investor Day, citing AI monetization,
00:20premium upgrades, and higher spending among AgentForce customers. Salesforce said its
00:24top 100 AgentForce customers generated more than twice the annual recurring revenue within
00:2818 months of launch. Premium license ARR has topped $1 billion. Salesforce reaffirmed its target for
00:35more than $63 billion in fiscal 2030 revenue. Shares were down 3.27% to $242.35 on Thursday,
00:45according to Benzinga Pro data. For all things money, visit Benzinga.com.
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