Salesforce delivered a stronger first quarter than expected, with revenue of $11.13 billion and adjusted earnings of $3.88 per share. Subscription and support revenue grew 14%, and the company added 98 new deals worth more than $1 million in annual contract value.

But traders are focused on what comes next. Salesforce guided second quarter revenue to $11.27 billion to $11.35 billion, slightly below expectations. Investors are asking whether AI agents will help traditional software companies grow, or reduce the need for some per-seat software tools.

Salesforce wants Agentforce to become a major growth driver. The market wants proof that AI can create new revenue instead of weakening the old SaaS model.

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AI infrastructure

This group could benefit if more software companies keep adding AI age ...