Salesforce (CRM) released its Q2 earnings report for 2027, resulting in a 12% increase in stock price:
- Salesforce raised its full-year outlook as its artificial intelligence products gained traction.
- The company saw a $2.6 billion gain on strategic investments, thanks to its increasingly valuable stake in Anthropic.
Salesforce shares soared 12% in extended trading after the company reported results that surpassed Wall Street projections:
Here's how the company performed relative to LSEG consensus:
- Earnings per share: $5.90 adjusted vs. $3.27 expected
- Revenue: $11.35 billion vs. $11.32 billion expected
Salesforce's revenue increased 11% from a year earlier:
Net income of $3.53 billion jumped 87% from $1.89 billion a year ago:
Salesforce now sees $46.1 billion to $46.4 billion in revenue for the full year:
The company also announced a plugin for Anthropic's Claude that can compose emails on behalf of salespeople:
Salesforce also secured a $1.6 billion contract from the U.S. Department of Veterans Affairs:
