Salesforce’s fiscal Q2 revenue outlook of $11.3 billion, shy of the $11.4 billion consensus, triggered a 2% slide in application software peers, with ServiceNow shares down about 33% year-to-date. ServiceNow executives also presented an AI-driven workflow automation roadmap at the Jefferies Software, Internet & AI Conference, based on the event transcript.
Salesforce projected fiscal Q2 revenue of $11.3 billion, missing the $11.4 billion analyst consensus, which prompted a roughly 2% drop in its shares during extended trading. The outlook miss weighed on other application software stocks, including ServiceNow, which saw its shares decline in sympathy.
ServiceNow shares have fallen approximately 33% year-to-date, mirroring a broader sell-off in enterprise software names as investors reassess growth prospects and AI-related investments. The decline reflects mounting pressure on companies to demonstrate tangible returns from their AI initiatives.
At the Jefferies Software, Internet & AI Conference, ServiceNow executives outlined a new AI-driven workflow automation roadmap, emphasizing enhanced customer service and process efficiency. Details from the event transcript highlighted planned enhancements to the company’s Agentwork platform and increased integration of machine learning models.
