On July 28, Salesforce.com rose 3.42% in regular trading, trading at $180.79/share, with turnover of $525 million. The gain follows a broader software sector rally and recent major government contract wins.

The U.S. Department of Veterans Affairs announced a $1.6 billion contract with Salesforce to modernize healthcare, benefits, and service support systems for millions of veterans nationwide. Under the agreement, Salesforce will deploy a unified platform to streamline data across distributed agencies and simplify benefit application processes. The VA is the second-largest U.S. cabinet department, serving approximately 17.9 million veterans with an annual budget exceeding $300 billion.

This contract follows a separate $13.5 billion defense order linking Salesforce to a U.S. Air Force fleet modernization project announced earlier this month. The accumulation of large-scale government deals has reinforced investor confidence in the company's revenue pipeline, even as Morgan Stanley recently downgraded the stock to Equalweight with a $185 target, citing AI momentum being offset by legacy portfolio weakness.

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