Salesforce reported second-quarter revenue of $11.35 billion on Aug. 26, topping market expectations, while net income got a lift from a $2.6 billion gain tied to its Anthropic stake. On the earnings call, CEO Marc Benioff rejected the idea that AI will replace software-as-a-service, arguing that enterprise customer data remains the foundation for how AI models operate.
Benioff pointed to the company’s expanded partnership with Anthropic as part of that argument. The two companies launched Claudeforce, a product that lets sales teams use Salesforce data inside Claude to draft emails and update records. He said the move shows AI systems still depend on enterprise software and the data layers those systems manage. Salesforce also noted that this is the first time it has used the “force” brand on another company’s product.
The company said Agentforce has passed $1.5 billion in annual recurring revenue, up more than 240% year over year. Agentforce and Data 360 together generated nearly $3.9 billion in revenue, up more than 210%. Benioff also said net new deal growth was the strongest in four years and churn was near a historic low. Salesforce shares rose 14% in after-hours trading.
Salesforce said on Aug. 26 that its second-quarter revenue reached $11.35 billion, ahead of market expectations. Net income was boosted by a $2.6 billion gain from the company’s stake in Anthropic.
During the earnings call, Salesforce CEO Marc Benioff pushed back on the argument that AI will replace SaaS. He said Agentforce, the company’s AI product, now generates more than $1.5 billion in annual recurring revenue, up more than 240% from a year earlier.
Benioff cites Anthropic tie-up in defense of SaaS
Benioff used Salesforce’s expanded partnership with Anthropic to make the case that enterprise customer data is the foundation for AI models, not a layer that can be bypassed.
The companies launched Claudeforce, which allows sales staff to use Salesforce data inside Claude to draft emails and update records. Salesforce said it was the first time the company had applied the “force” brand to another company’s product.
Agentforce and Data 360 revenue nears $3.9 billion
Earnings figures showed that Agentforce and Data 360 generated nearly $3.9 billion in combined revenue, up more than 210% year over year. Benioff also said net new deal growth was the strongest in four years, while customer churn was close to a historic low.
Salesforce shares rose 14% in after-hours trading following the results.
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