Salesforce announced a fiscal 2030 revenue target of over $63 billion during its Dreamforce conference, exceeding analyst estimates of $59.2 billion. The projection represents a significant milestone for the software company, which has faced headwinds earlier in the year amid concerns about artificial intelligence disrupting the enterprise software sector.
The company’s recovery has been notable in recent months. In its latest earnings report, Salesforce delivered better-than-expected results and issued an optimistic forward guidance. The gains were aided by a $2.6 billion profit boost from strategic investments, including a bet on Anthropic. The company’s stock responded positively, jumping nearly 23 percent in its strongest performance since 2020. Salesforce also unveiled Claudeforce, a tool enabling organizations to access Salesforce data through Anthropic’s Claude artificial intelligence system.
At Dreamforce, company leadership emphasized the industry’s transformative moment regarding artificial intelligence. Chief Executive Marc Benioff highlighted the event’s prominence by bringing prominent industry figures on stage, including OpenAI’s Sam Altman, Anthropic’s Dario Amodei, and Nvidia’s Jensen Huang. The company introduced Koa, a new artificial intelligence reasoning model based on Nvidia technology, and demonstrated custom dashboards integrating Salesforce data accessible through Claude. Approximately 1,000 clients have enrolled in the beta program with Claude.
Salesforce also emphasized the expanding role of Slack, the communication platform acquired for $27.1 billion in 2021, as a hub for artificial intelligence agent interactions. The company used the gathering to signal its confidence in the software sector’s future, with executives moving away from the “SaaSpocalypse” narrative that had circulated earlier. Salesforce noted it has repurchased $60 billion in cumulative share value and disclosed significant holdings in Anthropic expected to appreciate substantially in value.
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