Salesforce's Sales Figures Predicted by Analysts: A Look at the Numbers (comparing SAP to Salesforce in terms of sales)
In the tech industry, two giants - Salesforce and SAP - have been navigating a complex landscape in recent months.
Salesforce's stock has been on a downward trend, hitting a new 52-week low, and underperforming in the market. This decline, amounting to a year-to-date drop of about 28% in 2025, can be attributed to slowing enterprise spending and weaker revenue growth [1]. However, Salesforce reported strong growth in Q2 2025, with revenue increasing 23% year over year, driven by demand for cloud solutions [2]. This indicates that while spending constraints exist, Salesforce's core offerings remain in demand.
The impact of longer sales cycles on Salesforce's demand is not explicitly mentioned in the available data. However, the company's consistent revenue growth suggests that they are managing to navigate these cycles effectively.
Salesforce's integration of AI into its CRM platform has been highlighted as a growth driver [1]. While there is no specific mention of "Agentforce," Salesforce's AI initiatives are seen as a competitive advantage and a catalyst for revenue growth.
Looking ahead, Salesforce is scheduled to report its fiscal Q2 2026 results on September 3. The company's guidance indicates cRPO growth expected to be under 10% in constant currency for the first time [4]. This moderate growth forecast suggests that while Salesforce faces challenges, its products still have a strong market presence.
Meanwhile, SAP has experienced a €22 billion wipeout, marking its biggest pullback in almost 5 years. The company has seen a significant increase in call volume, indicating investor concern [5]. Despite this, there is a strong buy sentiment among investors for SAP, presenting an opportunity for the company to regain investor confidence.
Analysts at Jefferies see significant upside potential for Salesforce and have reiterated their buy rating with a price target of $375. However, UBS maintains a "Neutral" rating for Salesforce, lowering its price target to $260 ahead of Q2 earnings [6].
It's worth noting that Salesforce's partners are falling short of their annual targets, according to a recent industry report [7]. This could potentially impact Salesforce's performance in the coming quarters.
The ongoing trends in AI-driven software demand, as discussed by Brent Thill of Jefferies, suggest that customers are pausing their AI spending due to decision fatigue [8]. This could potentially affect Salesforce's AI platform Agentforce, if it indeed exists, and its impact on Salesforce's demand in Q2 2026.
In conclusion, both Salesforce and SAP are facing challenges in the current market, but their core offerings continue to find demand. The upcoming Salesforce earnings report will provide valuable insights into the company's performance and potential strategies for the future.
Sources:
[1] dpa-AFX [2] Salesforce Q2 2025 Earnings Report [3] ZDNet [4] Seeking Alpha [5] Reuters [6] UBS Research [7] Forbes [8] Jefferies Research
- Despite the slowing enterprise spending and weaker revenue growth, Salesforce and SAP are investing in AI to drive future growth, with Salesforce's AI-integrated CRM platform and SAP's competitive advantage seen as catalysts for revenue growth.
- In the tech industry, not only Salesforce, but also SAP's financial performance is being closely monitored, as both businesses navigate complex landscapes, with Salesforce scheduled to report its fiscal Q2 2026 results on September 3, offering insights into the company's performance and potential future strategies.
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