Salesforce CEO Marc Benioff announced no new engineer hires for the year, citing a 30% productivity boost from AI coding tools during an earnings call. Despite achieving revenue growth to $9.99 billion in Q4, the results fell short of expectations. CFO Amy Weaver emphasized early adoption of their AI application, Agentforce, which is expected to contribute modestly to revenue in fiscal 2026, with growth anticipated in 2027. Management noted external factors like currency fluctuations also impacting guidance for future financial performance.
We definitely have seen a lot of efficiency with engineering and with some of the new... high-performance coding tools.
It's pretty awesome. And we're not going to hire any new engineers this year. We're seeing 30 percent productivity increase on engineering, and we're going to really continue to ride that up.
On Agentforce, we are incredibly excited about the customer momentum we are seeing. However, the adoption cycle is still early as we focus on deployment.
As a result, we are assuming a modest contribution to revenue in fiscal '26. We expect the momentum to build throughout the year, driving a more meaningful contribution in fiscal '27.
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