Salesforce (CRM) Shares Up 20% Despite 25% Decline This Year

Salesforce (CRM) shares dropped 25% this year due to fears of AI (artificial intelligence) displacing SaaS companies, but have rebounded nearly 20% in the last month. Salesforce announced fiscal 2027 first-quarter revenue growth of 13% year-over-year and forecasted revenue of $11.31 billion for the next quarter, implying 10% to 11% year-over-year growth. The company reported an impressive 52% year-over-year growth in earnings per share and a significant increase in annual recurring revenue. This recovery may attract investors looking for value as Salesforce's P/E (price-to-earnings) ratio has fallen to 21 from above 40 within a year.