Salesforce Just Jumped 23%. Did the “SaaSpocalypse” Trade Finally Break?

Salesforce experienced a significant stock price increase on August 27 following the release of quarterly earnings results. The company reported $11.3 billion in revenue for the quarter, representing 11% growth compared to the previous year. Current remaining performance obligations climbed 14% to $33.5 billion, while free cash flow surged 81% to $1.1 billion.
The earnings results highlighted substantial expansion in Salesforce’s AI initiatives. Agentforce and Data 360 annual recurring re