Salesforce Cracks $63 Billion Revenue Target for 2030
Salesforce CEO Marc Benioff announced at Dreamforce that the company is on track to reach $63 billion in revenue by fiscal 2030, surpassing Wall Street's forecast of $59.2 billion.
This guidance comes after a challenging period for Salesforce, during which investors were concerned about the impact of AI on software demand. However, recent results and improved outlook have eased these worries.
Benioff emphasized that this is an 'industry moment' where everything is changing, and Salesforce is well-positioned to capitalize on it.
The company has also made significant investments in AI, including a $2.6 billion boost from strategic investments in Anthropic. Benioff noted that he believes the stake could be worth tens of billions and will likely be sold to pay down debt.