Salesforce Q2 EPS Soars 103%, Raises Guidance, Expands Anthropic Partnership
CRM sits 38% above its 52-week low of $146.32.
Summary
Salesforce reported blowout Q2 results with revenue of $11.35B (up 11% Y/Y) and adjusted EPS of $5.90, crushing the $3.27 consensus. The company raised full-year guidance to revenue of $46.1B-$46.4B and adjusted EPS of $16.67-$16.71, up from $14.06-$14.12 previously. It also announced an expanded partnership with Anthropic, dubbed Claudeforce, integrating Claude into Salesforce's platform with a plugin launching in open beta next month. AI product ARR nearly tripled to $3.9B. Shares jumped 13% after hours to $231.93. This follows the earlier BusinessWire report on the same earnings, but adds the partnership details, specific guidance figures, and after-hours price action.
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 8 out of 10. Source: Dow Jones Newswires.