Salesforce Shares Jump 14% Following Strong Earnings and AI Gains
· Business · CNBC, Economic Times
Salesforce shares climbed 14% in extended trading after the company reported fiscal second-quarter results that exceeded Wall Street expectations. The software firm posted $11.35 billion in revenue, driven by an 87% increase in net income to $3.53 billion. This profit surge included a $2.6 billion gain from the company's strategic investment in the AI startup Anthropic. Salesforce also raised its full-year guidance, now projecting earnings between $16.67 and $16.71 per share. Additionally, the company announced the launch of Claudeforce, a new plugin for Anthropic's Claude, and reported that annualized revenue from its Agentforce AI products has surpassed $1.5 billion.
Why it matters
The company's strong performance and AI-driven growth provide a significant signal for the broader enterprise software sector, which is increasingly focused on integrating generative AI tools into existing business workflows.
Read the original report — CNBC
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