On August 27, Salesforce.com rose 12.84% in pre-market trading, trading at $232.12/share, with turnover of $9.39 million.
On the news front, the company reported fiscal Q2 results after the prior session close that significantly exceeded market expectations. Adjusted EPS came in at $5.90, an 80.43% beat over the consensus estimate of $3.27 and a 102.75% increase year-over-year from $2.91. Revenue reached $11.345 billion versus the $11.320 billion estimate. The company raised full-year fiscal 2027 revenue guidance to $46.1 billion-$46.4 billion, compared to the FactSet consensus of $46.11 billion, while Q3 revenue guidance of $11.42 billion-$11.5 billion also came in slightly above expectations.
Additionally, Salesforce.com announced an expanded strategic partnership with Anthropic, launching a new product called Claudeforce. The Claude integration is now available to pilot customers, with a public beta expected in September, signaling accelerated AI commercialization. The company also noted its $25 billion accelerated share repurchase program is expected to complete final delivery by October. Prior to the report, software sector stocks had surged 24% over the preceding month, with all 13 software companies that had reported earnings beating estimates.
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