May 27 (Reuters) – Salesforce forecast second-quarter revenue below Wall Street estimates on ‌Wednesday amid ongoing concerns that AI ‌rivals such as Anthropic could rapidly disrupt demand for ​traditional software vendors.

Like its peers, Salesforce is contending with growing investor concerns that AI tools could pull enterprise clients away from ‌traditional software ⁠by taking over tasks once done by their products. Its shares ⁠fell 3% in extended trading.

Advanced coding tools by Anthropic and OpenAI have contributed to ​a recent ​selloff in software ​stocks, ushering in ‌what Wall Street is calling a “SaaSpocalypse” — a term reflecting the gloom around software-as-a-service companies.

Salesforce shares have declined nearly 33% so far this year, after falling over 20% in ‌2025.

The business software provider ​expects second-quarter revenue to ​be between $11.27 ​billion and $11.35 billion, below analysts’ ‌average estimate of $11.36 billion, according ​to data ​compiled by LSEG.

Salesforce reported revenue of $11.13 billion for the first quarter ended ​April 30, ‌compared with the estimate of $11.05 billion.

(Reporting ​by Juby Babu in Mexico City; ​Editing by Shilpi Majumdar)