Salesforce CEO 'SaaSquatch' Benioff says his company will monster the SaaSpocalypse
The Register
February 26, 2026
AI-Generated Deep Dive Summary
Salesforce CEO Marc Benioff delivered an unusual and metaphor-heavy earnings call, likening his company to a mythical "SaaSquatch" poised to thrive in what he called the "SaaSpocalypse." He claimed that Salesforce's new Agentforce IT Service has already secured 180 customers, positioning it as a growing threat to ServiceNow's dominance. Benioff also discussed Salesforce's financial performance, which included a 5.8% dividend increase and $50 billion in stock buybacks, but noted that the company fell short of analyst expectations for remaining performance obligations. Despite this, Benioff expressed confidence in Salesforce's ability to grow its Agentforce business while maintaining broader portfolio momentum.
During the call, Benioff engaged in lighthearted banter with executives from Wyndham Hotels and SharkNinja, as well as shared anecdotes about hosting Workday CEO Aneel Bhusri. However, the discussion shifted
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Originally published on The Register on 2/26/2026