Salesforce Stock Soars 12.8% on Crushing Q2 Results and AI Partnership
Salesforce stock surged 12.8% in after-hours trading following the release of its fiscal second-quarter 2027 results, which exceeded Wall Street's expectations on every key metric.
The cloud software giant reported revenue of $11.35 billion, a rise of 11% from the same period last year, and a net income of $3.53 billion or $4.29 per share, up 87% from the previous quarter.
The company attributed its strong performance to a $2.6 billion gain on strategic investments from its stake in AI startup Anthropic, as well as a dramatic guidance upgrade and a major partnership announcement with Anthropic.
Salesforce now sees adjusted earnings per share of $16.67 to $16.71 for the full year, on revenue of $46.1 billion to $46.4 billion, exceeding the consensus estimate of $14.06, $14.12 in EPS and $45.9, $46.2 billion in revenue.
The partnership announcement saw Salesforce and Anthropic unveil 'Claudeforce,' a new way for salespeople to access critical data directly from inside Anthropic’s Claude chatbot, launching as a plugin with 37 pre-built sales skills.