Salesforce reported adjusted earnings per share of $5.90 for the second quarter of fiscal 2027, exceeding analyst expectations by $2.63, or 80.4%, and marking an 81% increase from the same period a year earlier. Revenue totaled $11.3 billion to $11.35 billion, matching forecasts and representing an 11% year-over-year increase to a record for the company.
Subscription and support revenue rose 12% year-over-year, or 11% in constant currency, to $10.82 billion. Free cash flow increased 81% to $1.1 billion, yielding a 9% free cash flow margin. Non-GAAP operating margin held steady at 34.1%, while GAAP operating margin stood at 20.5%, with full-year guidance maintained at approximately 34.3% and 20.1%, respectively.
Cloud revenue potential (CRPO) reached $33.5 billion, up 14% in constant currency, with Agentforce annual recurring revenue (ARR) at $1.5 billion and AI and data ARR approaching $4 billion. Agentic workspace units surged 97% quarter-over-quarter to 3.2 billion, reflecting accelerating adoption of AI-driven tools.
Shares of Salesforce rose 12.68% in extended trading to $231.70 after closing the regular session at $205.62, leaving the stock within a 52-week range of $146.32 to $269.11. The company also announced a $25 billion accelerated share repurchase program, targeting at least 14% of outstanding shares at an average price of $176 per share.
Full-year fiscal 2027 revenue guidance was raised to $46.1 billion–$46.4 billion, up $300 million in constant currency, with the current quarter expected to generate $11.42 billion–$11.5 billion. Management highlighted ongoing acquisitions, including Contentful and Fin, expected to close in the coming weeks, and reiterated the strategic importance of the upcoming Dreamforce event for the fiscal 2028 roadmap.
During the earnings call, Marc Benioff emphasized the partnership with Anthropic, announcing Claudeforce, a new product integrating Anthropic’s Claude AI model with Salesforce’s CRM platform. Benioff stated, "This is the number one AI in the world, Anthropic, and the number one CRM, Salesforce, coming together for the first time in an incredibly powerful way." He also pushed back against market narratives suggesting a decline in software applications, asserting, "Apps are not dying. In fact, they are growing."
Anthropic CEO Dario Amodei described the collaboration as a synergistic effort, stating, "This combination is a way to gain something that's one plus one equals three, something that's bigger than the sum of its parts." Salesforce CFO Robin Washington noted that monetization would focus on premium upgrades, while President and COO Miguel Milano said customers adopting the company’s agentic tools were achieving double the average order value, with potential to triple or quadruple it.
