Salesforce Edges Up on Stronger Revenue Outlook Amid AI Disruption Fears

Salesforce's CRM shares edged up by 0.5% in overnight trading after the company provided a stronger-than-expected long-term revenue outlook at its Dreamforce event.

The software giant expects sales to reach $63 billion by fiscal year 2030, exceeding analysts' estimate of $61.4 billion, according to Bloomberg data.

This forecast comes as Salesforce faces pressure to demonstrate the relevance of its customer-management software amidst AI-driven disruption fears.

To address these concerns, Salesforce emphasized its strategy of embedding AI agents across its platform and partnering with major AI companies through expanded partnerships such as Agentforce, Anthropic's Claude, and Google Cloud's Gemini Enterprise.