Quick Read
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Salesforce surged 10%, snapping a months-long slump, as Agentforce ARR hit nearly $3.9 billion and the Anthropic-built Claudeforce plugin launched with 37 prebuilt sales skills.
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IGV jumped 3% against QQQ’s 0.8% gain while Palantir slipped 0.2%, confirming a rotation into enterprise CRM software over pure-play AI names.
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Non-GAAP EPS only matched consensus and GAAP net income leaned on a $2.6 billion Anthropic investment gain rather than pure operating results.
Enterprise software is leading Thursday morning after Salesforce’s fiscal Q2 2027 beat and Claudeforce announcement reset the sector’s AI narrative. The iShares Expanded Tech-Software Sector ETF (CBOE:IGV) is up 3% to $105.19 this morning. At the same time, the Invesco QQQ Trust (NASDAQ:QQQ) is up 0.8% to $717.44, a clear tell that today’s strength is centered inside software rather than broad large-cap technology.
Salesforce (NYSE:CRM) stock is up 14% to $234.90, ending a months-long slump. Additionally, ServiceNow (NYSE:NOW) shares are climbing 5% to $131.90 on the sympathy bid. Adobe (NASDAQ:ADBE) stock is up 3% to $282.29, marking its own catch-up rally.
The move matters because Salesforce stock was down 22% for the year through Wednesday’s close, the broken name inside enterprise software. The bears have argued for months that generative AI models could disintermediate legacy CRM platforms, dragging the multiple toward a value-trap zone. Today’s gap higher, if it holds, puts that disruption thesis on defense with hard numbers rather than commentary.
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Claudeforce and a Guidance Raise Fuel the Rebound
Salesforce reported fiscal Q2 2027 revenue of $11.35 billion, up 11% from a year earlier, with current remaining performance obligation of $33.5 billion, up 14%, against StreetAccount consensus of $33.22 billion. The company raised its full-year FY27 revenue guidance by $200 million to a range of $46.1 billion to $46.4 billion, up from the May range of $45.9 billion to $46.2 billion. Q3 revenue is guided to $11.42 billion to $11.50 billion, against analyst expectations of $11.41 billion, an above-the-line result on both the top line and the bookings pipeline.
