Salesforce (CRM) Earnings Rise 12% Boosted by AI and Anthropic Gains

Salesforce (CRM) shares increased by 12% after the company reported earnings that exceeded Wall Street expectations. Adjusted earnings per share were $5.90 compared to the LSEG consensus of $3.27, while revenue reached $11.35 billion, slightly above the anticipated $11.32 billion. Net income surged to $3.53 billion, up 87% year over year, aided by a $2.6 billion gain from its investment in Anthropic. For the fiscal third quarter, Salesforce projects adjusted earnings per share of $3.42 to $3.44 and an annual revenue range of $46.1 billion to $46.4 billion, suggesting ongoing growth, which matters for investors considering the company's rising market presence.