Salesforce CEO Isn't Fazed by SaaS-pocalypse -- Market Talk
Dow Jones
4 hours ago
1727 ET - Salesforce Chief Executive Marc Benioff says he isn't fazed by the recent software sell-off. "This is not our first SaaS-pocalypse," Benioff tells analysts. "We are going to make it through this one as well, so this is a great marketing opportunity and a great buying opportunity." Benioff says the opportunity drove the company to authorize a $50 billion share buyback program. "Today we are increasing our authorization to $50 billion because these are some low prices," he says. Salesforce shares hit a 52-week low earlier this week as investors worry AI will replace software services. The stock fell another 5.5% after hours. (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
February 25, 2026 17:27 ET (22:27 GMT)
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