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The AI Pivot: Software Market Winners and Losers
Salesforce delivered a stronger first quarter than expected, with revenue of $11.13 billion and adjusted earnings of $3.88 per share. Subscription and support revenue grew 14%, and the company added 98 new deals worth more than $1 million in annual contract value.
But traders are focused on what comes next. Salesforce guided second quarter revenue to $11.27 billion to $11.35 billion, slightly below expectations. Investors are asking whether AI agents will help traditional software companies grow, or reduce the need for some per-seat software tools.
Salesforce wants Agentforce to become a…
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