Salesforce Stocks Soar on Strong Q2 Results and Raised Outlook
Salesforce stock surged on Thursday after the company's second-quarter results exceeded analysts' expectations and raised its full-year outlook.
The enterprise software maker reported revenue of $11.35 billion, narrowly beating the $11.33 billion analyst consensus, while adjusted earnings per share of $5.90 doubled year-over-year and handily topped the $3.28 forecast.
Salesforce also lifted its full-year sales forecast to $46.1 billion to $46.4 billion, up from $45.9 billion to $46.2 billion previously. Adjusted EPS are now seen coming in between $10.21 and $10.25 for the full year, well above the prior range of $7.93 to $7.99.
The company's partnership with Anthropic was also announced, combining Anthropic's advanced AI models with Salesforce's software and broad customer base. JPMorgan analysts said the deal could help ease worries about AI disruption, as Salesforce shows willingness to partner with AI leaders rather than competing directly with them.