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Investor sentiment toward software may be turning after recent earnings this week, including those by SaaS giant Salesforce.

Why it matters: Perhaps investors are warming to software companies that have tried to integrate AI.

The big picture: Salesforce is the poster child for investors' current unease with software, but earnings seemed to satisfy investors as shares traded as high as $200 Thursday and closed at $194.79 Friday.

Zoom in: The CRM giant said it expects revenue to be about $46 billion for the fiscal year ending in January 2027, which was on par with estimates.

The company also announced a $50 billion buyback on its call, trying to take advantage of the discount it sees on the market

What they're saying: "This is not our first SaaSapocalypse," Salesforce's Marc Benioff said on the earnings call, dismissing software's current state. "We are going to make it through this one as well."

Between the lines: Salesforce has been active amid the AI revolution.

It paid $8 billion to buy Informatica in May to bolster the capabilities of its much-talked-about AI tool, Agentforce.

Annual recurring revenue for that product passed $800 million in the fiscal fourth quarter, up from $540 million in Q3.

Zoom out: Shares of Snowflake traded similarly after it gave quarterly sales outlooks that were in line with estimates.

The cloud-based data platform has made several acquisitions to push its AI capabilities, including buying agentic AI company TensorStax and business data firm Observe just this year.

The bottom line: Perhaps investors are starting to see that not all software companies are the same.

Surviving the SaaSpocalypse

Illustration of a $100 US bill with a software UI frame and a large black computer cursor pointing at the bill.

Investor sentiment toward software may be turning after recent earnings this week, including those by SaaS giant Salesforce.Why it matters: Perhaps investors are warming to software companies that have tried to integrate AI.

Surviving the SaaSpocalypse

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