Salesforce Q2 Beats Expectations, Announces 'Claudeforce' Partnership with Anthropic, Stock Up 13% After Hours

Salesforce Inc reported its fiscal Q2 2027 financial results after the market close on Wednesday. Here are the key details from the earnings report.

Salesforce stock is in focus. What's the outlook for the CRM stock?

Salesforce Q2 Key Metrics

Salesforce reported Q2 revenue of $11.35 billion, beating the consensus estimate of $11.32 billion. The enterprise software company posted adjusted earnings per share of $5.90, exceeding the expected $3.27.

Total revenue for the quarter grew 11% year-over-year. Salesforce said remaining performance obligations at the end of the quarter totaled $66.5 billion, up 11% year-over-year.

Salesforce reported operating cash flow of $1.3 billion for the quarter and free cash flow of $1.1 billion. The company ended the quarter with approximately $8.3 billion in cash and cash equivalents.

"We just delivered one of our best quarters ever, beating expectations on every key metric," said Marc Benioff, Chair and CEO of Salesforce. "AI is delivering value across every layer of our platform. We are seeing strong demand for our AI and data products, with annual recurring revenue on track to surpass $4 billion."

Salesforce Outlook

Salesforce expects Q3 revenue in the range of $11.42 billion to $11.5 billion, versus the consensus estimate of $11.41 billion. The company expects Q3 adjusted earnings per share of $3.42 to $3.44, versus the consensus estimate of $3.37.

Salesforce raised its full-year fiscal 2027 revenue guidance to a range of $46.1 billion to $46.4 billion, up from the prior range of $45.9 billion to $46.2 billion, versus the consensus estimate of $46.11 billion. The company raised its full-year adjusted earnings per share guidance to a range of $16.67 to $16.71, up from the prior range of $14.06 to $14.12, versus the consensus estimate of $14.14.

Salesforce management will discuss the quarterly results on the earnings call scheduled for 5:00 PM ET.

Salesforce and Anthropic Partnership

Alongside the earnings release, Salesforce announced a partnership with Anthropic called "Claudeforce," integrating Claude's intelligence and reasoning capabilities with Salesforce's enterprise platform.

"By integrating Claude's extraordinary reasoning capabilities with the trusted data, workflows, and governance that every enterprise relies on, we are delivering a dynamic interface that can think, reason, and act. This is the future of how every enterprise will operate," Benioff said.

The deal with Anthropic appears to be helping boost the stock in after-hours trading.

CRM Stock Rises After Hours

CRM price action: Salesforce shares were up 13.93% in after-hours trading on Wednesday, trading at $234.75 at the time of writing.