Salesforce Stock Soars on Record-Breaking Q2 Results and Major Partnership
Salesforce's stock surged by 12.8% in after-hours trading following the release of its fiscal second-quarter 2027 results, which exceeded Wall Street expectations on all key metrics.
The company reported revenue of $11.35 billion, a 11% increase from last year, and net income of $3.53 billion, or $4.29 per share, an 87% jump from the previous year.
This impressive performance was fueled by a $2.6 billion gain on strategic investments from Salesforce's stake in AI startup Anthropic, as well as the announcement of a major partnership with Anthropic to integrate its models into Salesforce's products.
The partnership, dubbed 'Claudeforce,' will allow salespeople to access critical data directly from inside Anthropic's Claude chatbot, launching as a plugin with 37 pre-built sales skills.