Business & Finance
Salesforce shares jump 11% on earnings beat and Anthropic investment gain
The company raised its full-year outlook and introduced a new integration with Anthropic's AI chatbot.
The short version
- Salesforce reported fiscal second-quarter revenue of $11.35 billion and raised its full-year financial guidance, driving an 11% increase in its stock price during extended trading.
- Quarterly net income was bolstered by a $2.6 billion investment gain from its stake in AI developer Anthropic.
- Salesforce and Anthropic launched a partnership integration named Claudeforce, which allows salespeople to access enterprise data directly inside the Claude chatbot.
Key facts
- Salesforce shares rose 11% in extended trading after reporting fiscal second-quarter revenue of $11.35 billion and adjusted earnings per share of $5.90, exceeding consensus forecasts.[CNBC]
- Salesforce recorded a $2.6 billion gain on strategic investments driven by its equity stake in Anthropic.[CNBC]
- The company raised its full-year revenue forecast to between $46.1 billion and $46.4 billion, alongside expected adjusted earnings per share of $16.67 to $16.71.[CNBC]
- Salesforce and Anthropic unveiled Claudeforce, a plugin offering 37 pre-built skills for sales tasks within the Claude chatbot interface.[CNBC]
- Annualized revenue from Agentforce AI products reached over $1.5 billion, representing a 240% increase year over year.[CNBC]
- Salesforce stock was down roughly 22% year to date prior to the extended trading surge amid persistent market concern over AI disruption in the enterprise software sector.[CNBC · CNBC]