Salesforce Surges on Strong Q2 Results and AI Momentum

Salesforce stock surged 22.6% to $252.05 after better-than-expected fiscal Q2 bookings and PLO growth, according to FXLeaders.

The AI narrative for Salesforce is shifting from a threat to an opportunity, with the company introducing AI agents as a new monetization channel on top of its existing customer data, workflows, and CRM infrastructure.

Salesforce reported fiscal Q2 revenue of $11.3 billion, an 11% increase from last year, driven by 12% growth in subscription and support revenue to $10.8 billion.

The company's exposure to Anthropic was responsible for approximately $2.53 of non-recurring EPS, while the remaining EPS increase was attributable to the company's share buyback program.