Salesforce Stock Puts Enterprise AI Software Leaders Back On Investor Radar

Enterprise AI is moving from buzzword to daily workflow, and the new Claudeforce tie up between Salesforce and Anthropic shows how quickly that shift can reach sales teams and CRM budgets. With Anthropic reporting an ARR run rate of $65b and Salesforce stock jumping 12% after its fiscal Q2, investors are paying attention. This article explains how that news relates to three stocks that are exposed to the same AI software story.

The stocks covered below are just a sample of this enterprise AI software theme, and the full screen surfaced 17 more companies with equally compelling narratives that are not included in this article. If you want to go straight to the source and identify your own highest conviction setups, analyze the full Enterprise AI Software Leaders screener.

Five9 (FIVN)

Overview: Five9 provides cloud software that runs large enterprise contact centers, using AI agents, agent assist tools and workflow automation to handle customer interactions across voice, chat, email, web, social and mobile channels, often tightly integrated with CRM systems like Salesforce.

Operations: Five9 generates about US$1.2b in revenue from Internet Software & Services, with roughly US$1.1b from the United States and about US$140 million from international customers.

Market Cap: US$2.4b

Investors looking at enterprise AI software should pay close attention to how Five9 is wiring AI directly into day to day customer service work. Its Genius AI suite, deep integrations with Salesforce and other large platforms, and recent recognition as a Leader in agentic contact center platforms point to a business that is closely tied to the same AI workflow story that just lifted sentiment around Claudeforce. At the same time, Five9 carries execution and competition risks, including leadership transitions, funding structure considerations and heavy pressure from bigger software vendors. If AI bookings, large enterprise wins and index inclusion continue to reshape its profile, the gap between that potential and current expectations becomes an important question for investors to assess.

Five9’s AI contact center story is still taking shape, and many investors may be missing how the pieces fit together. Get the full context in the 3 key rewards and 2 important warning signs

Amdocs (DOX)

Overview: Amdocs provides large scale software and cloud services that help telecom and media providers run billing, customer management and network operations, with its CES25 and GenAI agents embedding AI directly into these mission critical workflows.

Operations: Amdocs generates about US$4.7b in revenue from providing software products and services to communications and media providers worldwide, with roughly US$3.0b from North America and the rest from Europe and other international markets.

Market Cap: US$6.5b

Investors looking at enterprise AI software can monitor how Amdocs is using its long track record in billing and OSS/BSS systems to roll out GenAI led products like CES25, aOS and amAIz for global telecoms. The stock is described as undervalued on cash flow and earnings estimates, supported by recurring managed services, a sizeable backlog and a dividend yield around 3.7%. However, recent one off losses, modest revenue growth and a funding structure reliant on external borrowings mean execution on AI projects and cloud migrations is particularly important. Partnerships with Microsoft and NVIDIA, along with recent AI driven wins with operators such as Liberty Latin America and Telefónica Chile, illustrate how Amdocs could use this telecom specific AI toolkit to pursue longer contracts and improved efficiency for customers.

Amdocs’ recurring services, telecom focus and AI rollout create a story that many investors may only be half seeing. Get the full picture in the 4 key rewards and 1 important warning sign

Klaviyo (KVYO)

Overview: Klaviyo is a cloud based B2C CRM platform that helps merchants, from entrepreneurs to large enterprises, use their own customer data to run targeted email, SMS and social campaigns, automate workflows and manage service conversations in one place. With AI powered tools like Marketing Agent, Customer Agent and real time analytics built into the same system, Klaviyo aims to make personalized marketing and support a standard part of daily operations for consumer facing businesses.

Operations: Klaviyo generates about US$1.4b in revenue from Internet Software, with roughly US$817 million from the United States and the rest from international markets including Europe, the Asia Pacific and other Americas.

Market Cap: US$5.0b

For investors focused on enterprise AI software, Klaviyo offers exposure to AI driven personalization in marketing and customer service, using a single data platform that merchants already rely on to reach their customers. The company is already profitable and trades at a P/S that is lower than many software peers. It has reported strong interest in its AI agents, with Composer and Customer Agent gaining adoption and contributing to larger contracts as Klaviyo expands further into mid market and enterprise accounts. At the same time, heavier SMS and infrastructure costs, intense competition from bigger cloud suites and dependence on partner ecosystems create execution risk. How Klaviyo manages that trade off, and how investors ultimately view the combination of its AI agents, first party data position and valuation, remain key factors for the stock.

Klaviyo’s expansion into AI agents and first party data has many investors focused on the story rather than the numbers. Review the analyst forecasts for Klaviyo to evaluate how that enthusiasm aligns with one key pressure point.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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