Breaking News
Aug 27, 2026
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Salesforce Inc. soared 11.6% to $229.50 after the company's guidance surpassed market expectations.
“AI is delivering value across every layer of our platform. We’re seeing incredible demand for our AI and data products, with ARR about to cross $4 billion," said Marc Benioff, Chairman and CEO, Salesforce.
Revenue in the fiscal second quarter ending in July increased 11% to $11.3 billion from $10.2 billion, net income jumped to $3.5 billion from $1.9 billion, and diluted earnings per share advanced to $4.29 from $1.96.
Operating cash flow in the quarter soared 71% to $1.3 billion, and free cash flow advanced 81% to $1.1 billion.
The company revised its full-year fiscal 2027 revenue range to between $46.1 billion and $46.4 billion, reflecting an annual increase of 11% to 12%, and retained its full-year growth estimates of operating and free cash flows to between 4% and 5%.
The company's quarterly earnings report suggested $2.6 billion in gains on strategic investments from AI startup Anthropic.
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