ChainCatcher report: Salesforce's stock rose 12% in after-hours trading following the release of earnings and guidance that exceeded Wall Street expectations. The company reported second-quarter revenue of $11.35 billion and net income of $3.53 billion, an 87% year-over-year increase. This was driven by a $2.6 billion gain from its investment in Anthropic. For the third fiscal quarter, Salesforce expects adjusted EPS of $3.42 to $3.44 and revenue of $11.42 billion to $11.5 billion. Full-year EPS is projected at $16.67 to $16.71, with revenue forecast at $46.1 billion to $46.4 billion.
Salesforce shares rise 12% after hours on strong earnings and gains from Anthropic investment
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Summary
Salesforce shares rose 12% in after-hours trading following the reporting of $11.35 billion in Q2 revenue and $3.53 billion in net income, an 87% year-over-year increase. On-chain data indicates strong investor confidence, with $2.6 billion in gains from its Anthropic investment. The company forecasts Q3 revenue between $11.42 billion and $11.5 billion, and a full-year revenue range of $46.1 billion to $46.4 billion. The Fear & Greed Index suggests rising market optimism alongside Salesforce’s results.
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