Salesforce Reports Strong Q2 Results Driven by AI Growth, Raises Fiscal 2027 Outlook
Salesforce (NYSE:CRM) reported second-quarter results that exceeded Wall Street expectations, driven by strong demand for its artificial intelligence and data products. The company's adjusted earnings reached $5.90 per share, significantly higher than the estimated $3.27. Revenue rose to $11.3 billion year on year, in line with forecasts. Salesforce raised its full-year fiscal 2027 revenue guidance to between $46.1 billion and $46.4 billion, surpassing analyst expectations of $46.11 billion at the midpoint. The company also increased adjusted earnings per share guidance above current consensus estimates. CEO Marc Benioff highlighted strong performance across all key metrics, particularly in AI-driven offerings like Agentforce and Data 360. The firm's profitability improved with an operating margin of 34.1% and a year-on-year increase in cash flow by 71%. Analysts noted Salesforce’s potential for accelerated growth compared to other software vendors facing extended sales cycles, suggesting the company could benefit from its expanding AI portfolio.
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