Salesforce Stock Surges on Strong Operations and Strategic Partnership

Salesforce's stock has surged by 34% in just over a month, thanks to a combination of strong operational performance and a strategic partnership with Anthropic. The CRM giant reported revenue of $11.35 billion for the second quarter of fiscal 2027, with adjusted earnings per share of $5.90 and net income of $3.53 billion.

The company also raised its full-year revenue outlook to between $46.1 billion and $46.4 billion, up from a previous range of $45.9 billion to $46.2 billion. However, the headline EPS figure was inflated by a $2.6 billion book gain from Salesforce's strategic stake in Anthropic.

Despite this one-time accounting effect, the underlying business is solid, with growing backlog, strong cash generation, and triple-digit AI growth. The partnership with Anthropic positions Salesforce as a plugin within Anthropic's Claude ecosystem, shipping with 37 pre-built sales functions.

The market's response to the news was enthusiastic, with CrowdStrike and Workday also reporting strong results and boosting their shares by over 20% and nearly 6%, respectively. However, some analysts caution that the recent rally has pushed the stock into overbought territory, making it a good time for investors to exercise caution.