Salesforce Spent a Record $27.1 Billion on Buybacks in One Quarter. Here Is Why That Signal Matters.

Key Points Salesforce has been aggressively buying back its stock, spending $27.1 billion on repurchases in Q1 alone. The company continued to repurchase and retire shares in Q2. Huge gains for the stock following the company's Q2 report show this was a smart move. 10 stocks we like better than Salesforce › Salesforce (NYSE: CRM) has been a battleground stock over the last year. While the company's position in the customer relationship management space has generally continued to look quite strong, some investors have worried about the potential for its business to be disrupted by artificial intelligence. Partially in response to valuation pressures affecting its stock, the company has moved forward with an aggressive share repurchasing program.