Salesforce Surges 14% on Higher Profit Guidance

Salesforce's stock surged about 14% to $248.765 after delivering higher-than-expected profit guidance, despite revenue growth that barely budged.

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

Salesforce also widened its partnership with Anthropic through Claudeforce, bringing Claude's AI models directly into the enterprise ecosystem.

The company raised its adjusted earnings forecast from $14.06$14.12 to $16.67$16.71 per share, lifting the midpoint by roughly 18.5%.