Salesforce Soars 13% on Q2 Beat, Anthropic 'Claudeforce' Partnership
CRM sits 57% above its 52-week low of $146.32.
Summary
Salesforce stock jumped 13% in premarket trading after reporting Q2 results that beat expectations and announcing a new partnership with Anthropic called Claudeforce. The company posted revenue of $11.3B, up 11% year-over-year, and non-GAAP EPS of $5.90, up 103%. CEO Marc Benioff highlighted the strongest net new annual order value growth in four years, with A1E and A4X bundle bookings more than doubling sequentially. Agentforce usage increased sixfold, and nine of the ten largest AI companies now use Salesforce and Slack, with their combined spending up 435% year-over-year. The new Claudeforce product combines Anthropic's Claude with Salesforce's customer data and applications, reinforcing the company's AI strategy. This follows the Q2 earnings release on August 26 and adds significant detail on AI momentum and enterprise adoption. The stock's 13% premarket move reflects strong investor reaction to the beat and the strategic partnership.
At the time of this announcement, CRM was trading at $229.28 on NYSE in the Technology sector, with a market capitalization of approximately $168.4B. 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: Benzinga.