Salesforce, Inc. is rapidly advancing its AI strategy with the launch of Agentforce, which has generated an impressive $800 million in annual recurring revenue (ARR) in Q4 fiscal 2026, reflecting a growth of 169% year over year. The platform has also surpassed 29,000 deals, marking it as one of the company’s fastest-growing products aimed at automating tasks and enhancing workflows.
Alongside Agentforce, Salesforce’s combined AI offerings, including the Data 360 platform, generated $2.9 billion in recurring revenue, up 200% year over year. By the close of Q4 fiscal 2026, Salesforce reported a current remaining performance obligation of $35.1 billion, a 16% increase year over year, primarily from larger deals and early renewals. Management forecasts revenue growth of 10-11% for fiscal 2027.
In comparison, competitors Microsoft and ServiceNow are also enhancing their AI capabilities, integrating automation tools into their platforms. While Salesforce’s stock has declined by 31.3% over the past year, it trades at a forward price-to-earnings ratio of 13.98, well below the industry average of 24.34.
