Salesforce Surges 40% as Quarterly Report Exceeds Expectations

Salesforce stock surged by 40% in August, outperforming the S&P 500 and Nasdaq Composite.

The company's quarterly report for the second quarter of its 2027 fiscal year, which ended July 31, exceeded analyst expectations.

Non-GAAP earnings came in at $5.90 per share on sales of $11.35 billion, beating the average estimate of $3.27 per share on sales of $11.32 billion.

The business's free cash flow rose 81% to reach $1.1 billion, surpassing analyst estimates of roughly $643 million for the quarter.