Salesforce Inc. shares climbed as much as 3.9% after the software giant unveiled a $50 billion stock buyback program and projected $63 billion in annual revenue by 2030, easing Wall Street's AI disruption fears. CEO Marc Benioff said the company is "well on our way" to hitting the ambitious target, which exceeds Wall Street's $60.3 billion forecast.

Revenue grew 12% to $11.2 billion in the fiscal fourth quarter, driven partly by the recent $399 million Informatica acquisition. While sales and service revenue each fell slightly short of estimates, Salesforce highlighted record bookings and said it expects "organic growth re-acceleration" in the second half of fiscal 2027. The company also increased its quarterly dividend to 44 cents per share.

Salesforce's Agentforce AI tool reached $800 million in annual recurring revenue, up from $500 million in the prior quarter. Benioff said new products targeting IT service management and life sciences are winning customers from competitors like ServiceNow and Veeva Systems. Despite recent share price declines amid AI concerns, executives maintain that software-as-a-service remains strong, with no signs of weakening customer commitments.