tech
Marc Benioff goes on the offensive: 'This is not the SaaSpocalypse'
Salesforce's Marc Benioff dismissed fears of SaaSpocalypse after the company's latest earnings report.
TL;DR
- Salesforce CEO Marc Benioff dismisses the 'SaaSpocalypse' theory, where AI agents threaten traditional software.
- He cites Agentforce Sales, Services, and Slack showing year-over-year growth and near-record low customer attrition.
- Salesforce reported its strongest net new annual order growth in four years and a 12% rise in subscription and support revenue.
- The company's stock saw a significant increase after the earnings report.
- Salesforce is partnering with Anthropic on Claudeforce, aiming to integrate Salesforce data and actions within Claude.
- Salesforce also reported a $2.6 billion gain from its investment in Anthropic.