Salesforce CEO Marc Benioff Announces $27 Billion Stock Buyback Amid Market Concerns

Salesforce's CEO, Marc Benioff, announced a significant stock buyback of $27 billion in the latest quarter to counter concerns that AI advancements could make SaaS companies obsolete. Despite strong earnings and revenue growth, Salesforce shares fell slightly due to guidance missing expectations by a small margin.

By Brian Sozzi · Executive Editor Thu, May 28, 2026 at 2:37 PM GMT+3 4 min read · Yahoo Finance · May 28, 2026, 11:37 UTC

Tickers: $CRM

Topics: AI disruption CEO strategy SaaS industry stock buybacks

Read the full article at Yahoo Finance

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