Salesforce earnings and Anthropic deal lift Adobe and software shares

Salesforce shares jumped more than 20% on Thursday after fiscal second-quarter fiscal 2027 results exceeded expectations and the company expanded its Anthropic partnership through Claudeforce. Revenue rose 11% year over year to $11.35 billion versus $11.32 billion expected, adjusted earnings reached $5.90 per share versus $3.27 expected, and net income rose 87% to $3.53 billion, helped by an approximately $2.6 billion unrealized gain on Salesforce’s Anthropic stake. Management raised fiscal 2027 revenue guidance to $46.1 billion-$46.4 billion from $45.9 billion-$46.2 billion and adjusted EPS guidance to $16.67-$16.71 from $14.06-$14.12. Claudeforce allows sales teams to use Anthropic’s Claude with governed Salesforce data and 37 pre-built skills, initially through pilots. CEO Marc Benioff rejected generative-AI disruption fears, saying, "This is not the SaaSpocalypse." Adobe rose 5.80% to $289.34, ServiceNow gained 9.14% to $137.30 and Figma rose 14.28% to $30.89 as enterprise-software stocks rallied. Adobe’s rebound was above its 20-day, 50-day and 200-day simple moving averages, but its 50-day average remained below the 200-day average, leaving the longer-term technical picture mixed. Adobe’s stated resistance was $306.50 and support was near $251, while BofA maintained an Underperform rating and raised its price forecast to $220.

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