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Salesforce Crushes Earnings Guidance, Dismisses AI-Fueled Software Collapse Fears

Guavy AI Editorial Team
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CRM
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Salesforce Inc (NYSE: CRM) has raised its fiscal 2027 non-GAAP diluted earnings per share (EPS) guidance to $16.67, $16.71, surpassing the consensus estimate of $14.14.

The company's CEO, Marc Benioff, dismissed industry fears of an AI-driven software collapse, calling the 'SaaSpocalypse' narrative 'nonsense.'

Salesforce reported a record second quarter with non-GAAP diluted EPS reaching $5.90, exceeding the prior estimate by 80.43 percent.

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