Aug. 27 at 1:53 AM
Salesforce shares jumped in after-hours trading after the cloud software company reported second-quarter fiscal 2027 results and raised its full-year outlook, helped by accelerating demand for its AI products.
Revenue rose 11% year over year to
$11.35 billion, slightly above the
$11.32 billion consensus, while net income surged 87% to
$3.53 billion. Free cash flow increased 81% to
$1.10 billion, well above expectations. Salesforce also recorded a
$2.6 billion gain on strategic investments, driven largely by the rising value of its stake in Anthropic.
AI momentum remained a key highlight. Annualized revenue from Agentforce topped
$1.5 billion, up 240% year over year, accelerating from more than 200% growth in the previous quarter. The company also introduced a new Anthropic Claude integration that allows salespeople to compose emails, access information and update Salesforce records through chat.
$CRM