Salesforce (CRM) stock surged over 20% on Thursday following a robust Q2 earnings report, marking its largest single-day increase since 2020. Shares rose an additional 3% on Friday’s trading. The company reported Q2 revenue of $11.34 billion, exceeding analyst expectations, and adjusted net income of $3.53 billion, resulting in adjusted earnings per share (EPS) of $5.90, up 103% year-over-year.
Salesforce’s operating cash flow increased 71% to $1.3 billion, and free cash flow spiked 81% to $1.1 billion. The company raised its fiscal 2027 revenue guidance to between $46.1 billion and $46.4 billion, projecting 11% growth, and adjusted EPS expectations to between $16.67 and $16.71, reflecting a 33% increase.
In the realm of artificial intelligence, the annual recurring revenue for Salesforce’s AI platform, including Agentforce, reached nearly $3.9 billion, a 210% year-over-year growth. Major firms like Cisco, Dell, and Uber are adopting Salesforce’s AI capabilities, underscoring a broader trend in enterprise software.
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