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Marc Benioff leads Salesforce to a 20% stock surge following a beat-and-raise earnings report and a new Anthropic partnership.

Salesforce shares surged approximately 20% on Thursday following a strong fiscal Q2 2027 earnings report and the announcement of a new partnership with Anthropic. The company reported revenue of $11.35 billion, an 11% increase from the previous year, and raised its full-year revenue guidance. This performance helped alleviate investor fears that generative AI might replace traditional CRM platforms, as Marc Benioff noted that frontier models depend on CRM rather than replacing it. Additionally, the company unveiled "Claudeforce," a plugin that integrates Anthropic's Claude model into Slack, and reported that its Agentforce AI products saw a 240% increase in annual recurring revenue. The rally also boosted sympathy bids for other enterprise software giants like Adobe and ServiceNow. Analysts suggest that while the move was significant, investors should remain cautious and wait for momentum to cool before making large allocations. The report also highlighted a $2.6 billion gain from Salesforce's investment in Anthropic, further strengthening the company's financial position.

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