Salesforce shares jumped more than 6% in premarket trading on Thursday, after the company forecast faster revenue growth in the coming years, easing concerns that AI tools were eroding demand for its software.
The Marc Benioff-led company had posted its first revenue decline in about three years earlier this year, sparking fears that businesses focused on AI investments were cutting back on what has long been essential customer management software. That had knocked its stock by more than a quarter in 2025 so far.
But the company's better-than-expected forecast of more than $60 billion in revenue in 2030 allayed some of those fears.
That forecast, unveiled at the company's Dreamforce event on Wednesday, excluded the boost from its planned $8 billion acquisition of software-maker Informat