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Salesforce, Inc. (CRM) reported slowing revenue growth, with year-over-year increases of 7.6%, 9.8%, and 8.6% for the first three quarters of fiscal 2026. To address this trend, Salesforce is focusing on its AI-driven platform, Agentforce, which generated $540 million in recurring revenues, marking a 330% year-over-year increase, contributing to a total of $1.4 billion in recurring revenues alongside its Data Cloud.
As of the third quarter of fiscal 2026, Salesforce’s remaining performance obligation stands at $29.4 billion, an 11% increase from the previous year. Notably, over 50% of Agentforce deals originated from existing clients, demonstrating effective cross-selling of AI features. The company aims for revenue growth estimates of 9.3% and 10.3% for fiscal 2026 and 2027, respectively.
Despite these advancements, Salesforce shares have dropped 21.3% year-to-date, contrasting with the Zacks Computer – Software industry’s growth of 12.1%. The company currently has a forward price-to-earnings ratio of 21.23, below the industry average of 29.68.
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