Salesforce Crushes Q2 Earnings, Raises Revenue Outlook on Strong AI Bookings

Salesforce's second-quarter earnings report exceeded expectations in multiple areas. Revenue reached $11.345 billion, a 10.83% year-over-year increase and 0.25% above street estimates. Adjusted earnings per share of $5.90 beat estimates by 80.38%, with net income climbing 73.31% year over year to $4.844 billion.

The company's current remaining performance obligations (CRPO) grew 14% in constant currency to $33.5 billion, the fastest bookings growth in four years and a point ahead of guidance.

CEO Marc Benioff introduced Claudeforce, a joint AI interface built with Anthropic, as a structural shift for the company. The product will reach general availability in September, with every Salesforce seller demoing it by Dreamforce conference.