Salesforce Skyrockets 19% on Blowout Earnings and AI Growth

Salesforce's shares surged by 18.9% in the afternoon session after the company reported second-quarter financial results that exceeded expectations.

The revenue came in at $11.35 billion, a 10.8% year-over-year increase that matched Wall Street estimates.

However, the bottom line was the primary driver of outperformance: adjusted profit reached an impressive $5.90 per share, beating consensus estimates by 80.4%.

The company's AI business saw rapid growth, with customer adoption of new functionalities surging and Agentforce annual recurring revenue reaching $1.5 billion.