Salesforce Shatters Earnings Expectations with Record Quarter

Salesforce reported its second-quarter earnings results that exceeded Wall Street's expectations. The company posted adjusted earnings of $5.90 per share, beating analysts' estimate by a wide margin of $2.63 or 80.4%. Revenue came in at $11.35 billion, matching forecasts.

The company's strong performance was driven by broad strength across its business, with subscription and support revenue rising 12% to $10.82 billion. Management described the quarter as a record period, supported by stronger contract terms, low customer attrition, and faster growth in new annual recurring revenue.

Salesforce also highlighted growing demand for Agentforce, Slack, and its new Claudeforce product with Anthropic. The company raised its full-year fiscal 2027 revenue guidance to $46.1 billion to $46.4 billion, reflecting both organic momentum and expected contributions from pending acquisitions.

Chief Executive Marc Benioff framed the Anthropic partnership as a major product step, saying it was 'the best of both worlds.' He pushed back on the idea that software is being displaced by AI, arguing that customers are using AI through software platforms rather than replacing them.