Salesforce Surges on Strong Outlook and Expanded AI Partnership

Salesforce's stock surged more than 12% in extended trading after the company announced it expects to keep growing faster than anticipated, surpassing analyst predictions. The market rewarded the tech giant for its strong outlook and expanded partnership with Anthropic.

The agreement will integrate Salesforce's products within the AI model Claude, giving sellers access to customer data and sales-cycle information directly inside the AI platform. This move is part of Salesforce's strategy to leverage AI in its offerings.

Salesforce projects approximately $11.5 billion in revenue for the fiscal third quarter ending in October, beating analyst estimates. The company's existing performance obligations, which indicate future revenue, are projected to grow about 14%, compared to analysts' forecast of 13% growth.