US Top News and Analysis | Salesforce's beat fails to convince the market that software can survive AI AI generated summary, Read the full article for complete information. Salesforce reported a better‑than‑expected Q1 fiscal 2027, with revenue rising 13.3% year‑over‑year to $11.13 billion and adjusted earnings per share of $3.87, topping estimates by 76 cents. The company highlighted strong momentum for its AI‑powered platform Agentforce, which closed a record 98 deals and lifted annual recurring revenue to $1.2 billion (up 205% YoY), while overall cloud ARR reached $3.4 billion, up 200% YoY. Margins improved and the firm beat GAAP and non‑GAAP expectations, yet investors remain cautious because legacy‑software growth lagged and the outlook for remaining performance obligations was modest. Salesforce amplified its share‑repurchase program, buying back $27.1 billion of stock in the quarter, and reiterated guidance for Q2 revenue of $11.27‑$11.35 billion and FY revenue of $45.9‑$46.2 billion, with modest EPS upgrades but a trimmed GAAP margin outlook. Maintaining a “2” rating with a $215 price target, analysts argue Salesforce remains a critical enterprise‑software platform despite AI‑disruption concerns. Read more: https://www.cnbc.com/2026/05/27/salesforces-beat-fails-to-convince-market-that-software-can-survive-ai.html #Salesforce #LSEG #Agentforce #Data360 #ASR