Salesforce announced a revenue forecast for fiscal 2030 of over $63 billion during its Dreamforce conference, exceeding analyst expectations. Analysts polled by LSEG had previously projected annual sales of $59.2 billion for that period.
The announcement came as the company addressed concerns that had weighed on its stock earlier in the year. The software vendor had faced skepticism from investors regarding artificial intelligence’s potential impact on its business, a narrative that gained momentum in 2025 and became known as the SaaSpocalypse. However, Salesforce’s latest earnings report demonstrated resilience, with better-than-expected results and an optimistic outlook that sparked significant stock appreciation.
CEO Marc Benioff highlighted the strategic importance of the current moment, stating that major industry transformation was underway for enterprise businesses. The company has positioned itself at the forefront of AI integration, announcing new offerings including Claudeforce, which enables organizations to access Salesforce data through Anthropic’s Claude platform. A new AI reasoning model called Koa, developed in collaboration with Nvidia, was also unveiled. Approximately 1,000 clients have enrolled in the beta version with Claude, according to Patrick Stokes, the company’s president of applications and marketing.
Salesforce’s recent financial performance was bolstered by a $2.6 billion gain from strategic investments, particularly its stake in Anthropic. The stock rose nearly 23% following the earnings report, marking its strongest performance since 2020. Additionally, the company has deployed $60 billion cumulatively on share repurchases as its stock price declined earlier in the year. Shares closed above $250 during the conference.
The company also highlighted the expanding role of Slack, its chat application acquired in 2021, as a hub for AI agent communication. Industry executives, including Sam Altman of OpenAI, Dario Amodei of Anthropic, and Jensen Huang of Nvidia, appeared at the conference to discuss the evolving AI landscape and Salesforce’s strategic positioning within it.
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