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Salesforce Shares Surge 12% on Q2 Earnings Beat

Guavy AI Editorial Team
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Salesforce shares surged around 12% in after-hours trading following its Q2 earnings report.

The company slightly beat revenue expectations and significantly exceeded adjusted EPS consensus, with net income increasing 87% year-over-year to $3.53 billion.

More importantly, Agentforce, the company's AI products, saw annualized revenue exceed $1.5 billion and grow 240% year-over-year.

Salesforce CEO Marc Benioff stated that he does not see a 'SaaSpocalypse', implying that traditional software business models are safe from disruption by generative AI.

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