Salesforce reported its fiscal second-quarter results, with revenue increasing 10% year-over-year to $10.24 billion, surpassing the average analyst estimate of $10.14 billion. Earnings per share also exceeded expectations, marking the first time since early 2024 that the company achieved double-digit revenue growth.
However, the company's guidance for the fiscal third quarter projected revenue between $10.24 billion and $10.29 billion, which was at the low end of analyst expectations of $10.29 billion. This outlook, coupled with continued weakness in the marketing and commerce segments, led to a significant stock slump.
Despite the mixed financial results, Salesforce highlighted the continued momentum of its Agentforce platform, reporting over 12,500 total deals, including 6,000 paid deals. More than 40% of bookings for Agentforce and its Data Cloud came from existing customers. The company maintained its full-year revenue outlook but targeted higher earnings, with adjusted EPS projected at $11.33 to $11.37 on $41.1 billion to $41.3 billion in revenue.
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