Salesforce expects its annual revenue to top $63 billion by fiscal 2030, a forecast that comes in ahead of Wall Street estimates.

The company, which sells software with which companies manage their sales and marketing functions, had been projected to hit annual revenue of $60.66 billion by that time, according to analysts polled by FactSet.

Salesforce's long-term outlook comes after the company's guidance raise last month, when it also posted higher second-quarter profit and revenue driven by accelerating demand for its artificial-intelligence and data products.

The quarterly results helped assuage the concerns of some investors and analysts who have recently been worried about a "SaaSpocalypse," in which corporate-software companies' expensive off-the-shelf products would be replaced with cheaper AI-concocted versions.

That hasn't happened, though, and it isn't likely to occur anytime soon, The Wall Street Journal reported.

Software developers have more staying power than it may seem, in part because most software development isn't about writing code, the Journal said. Rather, software development is about maintaining, updating and improving on existing software--all of which are tasks that can't easily be done by AI coding agents, said the Journal.

At the same time, developers' deep integration with their customers' information-technology, or IT, systems provides yet another bulwark against AI disruption.

Speaking at an investor and analyst session at Dreamforce on Wednesday, Salesforce Chief Executive Marc Benioff said customers continue to respond positively to the company's software offerings.

"Our relevance has never been higher," he said. "Our ability to walk up to any customer now and to show them a piece of technology that can radically transform their company very, very rapidly is unprecedented."