Salesforce Stock Soars as Profit Outlook Surpasses Revenue

Salesforce, the enterprise-software and customer-management giant, saw its stock surge about 14% to $248.765 after delivering a much bigger profit outlook than expected.

The company reported quarterly revenue of $11.3 billion, up 11%, while current remaining performance obligations climbed 14% to $33.5 billion.

Salesforce's partnership with Anthropic through Claudeforce has been expanded, bringing Claude's AI models directly into the company's enterprise ecosystem.

The company raised its adjusted earnings forecast from $14.06 to $16.71 per share, a significant increase of roughly 18.5%.