Salesforce unveiled a fiscal 2030 revenue target of over $63 billion during its Dreamforce conference, exceeding prior analyst consensus of $59.2 billion from LSEG polling. The projection comes as the enterprise software company works to demonstrate resilience after experiencing challenges related to artificial intelligence concerns that had pressured its stock performance.
Chief Executive Officer Marc Benioff addressed the industry moment at the event, noting significant changes underway in the enterprise sector. The company has recently recovered momentum following what became known as the SaaSpocalypse narrative, which gained traction in 2025 as frontier AI models advanced. Salesforce’s latest earnings report issued the previous month featured better-than-expected results and an uplifting outlook that helped shift market sentiment.
Recent financial developments provided a notable boost to results, including a $2.6 billion gain on strategic investments following the company’s position in Anthropic. Stock performance reflected investor optimism, with shares jumping almost 23%, marking the strongest performance since 2020. The company also announced Claudeforce, a capability enabling organizations to interact with Salesforce data through Anthropic’s Claude platform, with approximately 1,000 clients signed up for the beta version.
Salesforce executives highlighted new product developments and partnerships during the conference, including a new AI reasoning model called Koa based on Nvidia technology. Slack, the chat application Salesforce acquired for $27.1 billion in 2021, has increasingly served as a communication hub for AI agents over the past three months. The company revealed it has accumulated $60 billion in share buybacks and noted that its Anthropic investment, currently valued at hundreds of millions of dollars, may eventually be sold to address accelerated share repurchase obligations.
Shares closed above $250 following the conference announcements and investor presentations featuring industry leaders including OpenAI’s Sam Altman, Anthropic’s Dario Amodei, and Nvidia’s Jensen Huang.
Article Attribution | Read More at Article Source
Article summary produced by Claude AI