Stocks
Salesforce Shares Soar on Strong Earnings and Raised Guidance
Salesforce shares surged 22.6% on Thursday, marking the company's second-biggest one-day gain ever.
The rally followed better-than-expected fiscal second-quarter results, higher full-year guidance and an expanded AI partnership with Anthropic.
Fiscal Q2 revenue reached $11.35 billion, up 11% year over year, surpassing Wall Street expectations of $11.33 billion.
Subscription and support revenue rose 12% to $10.8 billion.