Software earnings for the quarter underscored artificial intelligence as a key revenue driver, with Salesforce and CrowdStrike delivering substantial stock gains after posting quarterly beats and lifting guidance.
Salesforce reported non-GAAP earnings of $5.90 per share, exceeding the $3.27 consensus by 80.7%, while revenue reached $11.35 billion, narrowly surpassing the $11.33 billion estimate. The company raised its full-year revenue guidance to a range of $46.1 billion to $46.4 billion and lifted adjusted EPS guidance to between $16.67 and $16.71, up from a prior range of $14.06 to $14.12. Salesforce’s Agentforce annual recurring revenue surged 240% year-over-year to $1.5 billion, accelerating from 205% growth in the prior quarter. Shares climbed 21.6% following the results.
Cybersecurity firm CrowdStrike also posted a strong quarter, with revenue of $1.47 billion beating estimates by 2.1% and adjusted earnings per share exceeding expectations by 6.9%. The company raised its full-year revenue guidance to a range of $5.99 billion to $6.01 billion. CrowdStrike’s shares advanced 19.4% on the news.
Intuit reported fourth-quarter results on August 25, posting adjusted earnings of $4.03 per share against a $3.54 estimate, while revenue totaled $4.40 billion, topping the $4.28 billion consensus. The company’s stock edged 0.5% higher despite analyst earnings estimates having been cut by roughly 28% over the prior 90 days.
Other software names also gained ground. SAP’s American depositary receipts rose 4.4%, while Nemetschek advanced 3.5% and TeamViewer climbed 3.0%. Adobe gained 5.9% after announcing an expanded partnership with Stagwell covering seven industry-specific solutions. JFrog’s shares jumped 11.7% following a product launch, and Autodesk’s stock rose 6.21% amid reports of a $3.6 billion acquisition by MaintainX. Workday, scheduled to report after the market close, was in focus amid expectations for adjusted earnings of $2.61 per share on revenue of $2.64 billion, as well as ongoing private-equity acquisition discussions involving Silver Lake.
