Salesforce CEO Calls AI Doom 'Nonsense' After Record Q2, Anthropic Deal
CRM sits 38% above its 52-week low of $146.32.
Summary
Salesforce posted record Q2 results with revenue up 11% to $11.35B and cRPO growth of 14% in constant currency, prompting CEO Marc Benioff to publicly dismiss 'SaaSpocalypse' fears as 'nonsense.' The company also raised full-year revenue guidance to $46.1B-$46.4B and highlighted a new 'Claudeforce' partnership with Anthropic that embeds Claude AI natively into Salesforce workflows. Agentforce ARR surpassed $1.5B, up over 240% year-over-year, signaling strong AI monetization. This follows the Q2 earnings release on August 26 and adds management's forceful rebuttal to AI disruption concerns, along with concrete partnership details. The stock was up 13.5% in overnight trading, reflecting positive market reaction to the results and AI strategy.
At the time of this announcement, CRM was trading at $201.88 on NYSE in the Technology sector, with a market capitalization of approximately $168.5B. The 52-week trading range was $146.32 to $269.11. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Benzinga.