Salesforce Inc

XMUN:FOO

Record quarter: Salesforce reported record revenue, EPS and cash flow, with Q2 revenue of $11.35 billion, up 11% year-over-year and above the high end of guidance.

AI momentum: Agentforce ARR reached $1.5 billion, AI and data ARR approached $4 billion, and customers with agents in production increased 70% quarter-over-quarter.

Demand strength: Net new AOV growth was described as the strongest in four years, attrition was near its lowest level ever, and management said the pipeline and demand environment were very strong.

Guidance raised: FY27 revenue guidance increased by $300 million in constant currency to $46.1 billion-$46.4 billion, including $100 million of organic growth and an expected $200 million contribution from Contentful and Fin.

New AI product: Salesforce and Anthropic announced Claudeforce, combining Claude with Salesforce data, applications, workflows and governance; general availability is expected in September.

Monetization: Salesforce is testing flexible pricing based on users, agents, consumption and business outcomes, while premium editions carry a 60%-80% premium and remain underpenetrated.

Second-half outlook: Management reaffirmed its expectation for organic revenue reacceleration in the second half, with Q3 revenue guided to $11.42 billion-$11.5 billion.