Salesforce chief executive Marc Benioff has dismissed concerns of a “SaaS-pocalypse” hitting business software even as the group posted a weak revenue forecast amid investor fears that AI will disrupt its business.
The group on Wednesday said its full-year revenue would come in between $45.8bn and $46.2bn, undershooting analysts’ estimates of $46.1bn, according to S&P Visible Alpha.
Salesforce, which sells software as a service (SaaS) to track customer relationships, has faced pressure from investors during a market rout spurred by the risk that AI start-ups such as Anthropic pose to software companies.
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