Salesforce CEO Marc Benioff faces challenges as the company’s stock slumps 8% after a disappointing revenue forecast, bringing its decline for 2025 to 28%. Revenue increased 10% in the fiscal second quarter, hitting $10.24 billion, but fell short of analyst expectations for the third quarter. Concerns linger about AI’s impact on the software sector.

Despite challenges, Salesforce closed over 12,500 deals for Agentforce, automating customer service questions. CEO Marc Benioff remains optimistic, calling out the transformation in the software space and dismissing concerns about AI’s threat. The company maintains its full-year revenue outlook and expects higher earnings, targeting $11.33 to $11.37 in adjusted earnings per share on $41.1 billion to $41.3 billion in revenue.

Read more at CNBC: Salesforce stock slumps on disappointing guidance