Stocks
Salesforce Stock Skyrockets by 24% on Strong Earnings and AI Partnership
Salesforce's stock rose by 24% in one week, its best performance since August 2020. This surge was driven by strong second-quarter fiscal 2027 results and a deepened partnership with AI startup Anthropic.
The tech giant reported Q2 revenue of $11.35 billion, an 11% year-over-year increase that beat the $11.32 billion estimate. Adjusted earnings per share reached $5.90, significantly exceeding the $3.27 consensus.
A $2.6 billion non-recurring gain on its stake in Anthropic drove the profit surge. The company also launched 'Claudeforce,' an enterprise integration allowing sales staff to access Salesforce data within Anthropic's Claude chatbot.