Salesforce beat Wall Street estimates for first-quarter revenue and profit on Wednesday, driven by growing adoption of its AI-powered business software.
The results highlight how Salesforce's push into AI-driven autonomous technology is resonating with corporate clients aiming to boost productivity and automate workflows.
Salesforce is trying to reinvent itself as an AI-agent company through its Agentforce service, which is still a small business.
"Agentic AI is the biggest growth opportunity for our customers, and for Salesforce," CEO Marc Benioff said in a statement.
Analysts note Salesforce is hard to replace because businesses have built their operations around the company's products, and the switching costs are high.
The company reported first-quarter revenue of $11.13 billion, beating the average analyst estimate of $11.05 billion, according to data compiled by LSEG.
On an adjusted basis, it earned $3.88 per share, well above the estimate of $3.12 per share.