Software giant Salesforce Inc (NYSE: CRM) has spent the past year on the defensive in a major way. Its shares fell as much as 50% from last year’s highs before recovering and currently trade right around $200, reflecting widespread concerns that artificial intelligence (AI) could disrupt parts of the company’s traditional business model. These concerns are not specific to Salesforce by any measure, but the company has been one of the more visible victims of the shift in sentiment.
Yet Salesforce's latest earnings report, released on Feb. 25, may have marked a turning point. The firm once again delivered a headline beat on analyst expectations while reporting its highest revenue in history, a reminder that demand for its platform remains strong even as the broader software sector grapples with rapid technological change.
