Salesforce has raised its annual revenue forecast due to strong demand for its AI-powered products. The company's revenue for the second quarter ended July 31 grew 11% to $11.35 billion. This growth is attributed to the increasing adoption of its AI products, which have been gaining traction with customers seeking to leverage the technology to improve their business operations.
Along with the revenue growth, Salesforce also announced an expanded partnership with Anthropic, a move that likely contributed to its shares rising 14% in extended trading. The company now expects fiscal 2027 revenue between $46.1 billion and $46.4 billion and has raised its annual adjusted earnings per share forecast to be between $16.67 and $16.71.
In other AI-related news, Scalable Capital, a German broker, has opened its investment platform to major AI chatbots like ChatGPT and Claude. The platform allows users to conduct trades and analyze their portfolios using AI assistants. In a test, Claude beat human traders 76% of the time, but had a major weakness, taking too much risk relative to the trade context.
Additionally, Chinese AI startup MiniMax saw a nearly four-fold jump in first-half revenue as demand for its low-cost models and AI platform accelerated. The company's revenue for the first six months of the year rose to 1.2 billion yuan ($170 million). This growth is part of a broader trend in China's tech sector, where startups are racing to develop and deploy AI technologies at scale.
Key Takeaways
* Salesforce's Q2 revenue grew 11% to $11.35 billion, driven by demand for its AI-powered products. * Salesforce raised its annual revenue forecast and now expects fiscal 2027 revenue between $46.1 billion and $46.4 billion. * The company has expanded its partnership with Anthropic, a move that contributed to a 14% rise in its shares. * Scalable Capital has integrated AI chatbots like ChatGPT and Claude into its trading platform. * Claude beat human traders 76% of the time in a test, but had a weakness in risk management. * Chinese AI startup MiniMax saw a nearly four-fold jump in first-half revenue to 1.2 billion yuan ($170 million). * Scale AI has not been mentioned in the articles. * ChatGPT and Claude are being used by Scalable Capital for trading and portfolio analysis. * Anthropic is a partner of Salesforce. * The AI market is growing rapidly, with companies like MiniMax and Salesforce seeing significant revenue growth.Salesforce raises annual revenue forecast on AI momentum
Salesforce has raised its annual revenue forecast due to strong demand for its AI-powered products. The company's revenue for the second quarter ended July 31 grew 11% to $11.35 billion. Salesforce now expects fiscal 2027 revenue between $46.1 billion and $46.4 billion. The company also raised its annual adjusted earnings per share forecast to be between $16.67 and $16.71. Salesforce's AI products have been gaining traction, with customers seeking to leverage the technology to improve their business operations.
Salesforce raises annual revenue forecasts on AI product momentum
Salesforce raised its annual revenue forecast and announced an expanded partnership with Anthropic. The company's shares rose 14% in extended trading. Salesforce's AI products have been gaining traction, with customers seeking to leverage the technology to improve their business operations. The company now expects fiscal 2027 revenue between $46.1 billion and $46.4 billion. Salesforce also raised its annual adjusted earnings per share forecast to be between $16.67 and $16.71.
Salesforce 2Q Profit, Revenue Rise on Demand for AI, Data Products
Salesforce posted higher second-quarter profit and revenue on rising demand for its artificial-intelligence and data offerings. The company's second-quarter profit came in at $3.53 billion, or $4.29 a share. Revenue rose 11% to $11.35 billion. Salesforce now expects revenue of $46.1 billion to $46.4 billion for the full year.
Veeva shares climb 8.2%, market value up $3.3 billion after AI-driven sales boost forecast
Veeva Systems' shares rose 8.2% after the company raised its sales outlook on the back of increasing demand for its artificial intelligence products. Revenue for the fiscal second quarter increased 18% to $928.0 million. Veeva increased its full-year revenue midpoint by $44.5 million. The company now expects full-year revenue between $3.682 billion and $3.687 billion.
German broker Scalable opens investment platform to major AI chatbots
German broker Scalable Capital has opened its investment platform to major AI chatbots like ChatGPT and Claude. The platform allows users to conduct trades and analyze their portfolios using AI assistants. Scalable Capital has over €60 billion in client assets and more than 1 million customers.
A major German bank just let Claude and ChatGPT trade for customers. In one test, Claude beat human traders 76% of the time—but there’s a catch
A major German bank, Scalable Capital, has integrated AI chatbots like Claude and ChatGPT into its trading platform. The AI systems were tested for their trading abilities, with Claude beating human traders 76% of the time. However, the AI systems had a major weakness, taking too much risk relative to the trade context.
China's MiniMax sees revenue nearly quadruple in first half as AI demand surges
Chinese AI startup MiniMax saw a nearly four-fold jump in first-half revenue as demand for its low-cost models and AI platform accelerated. MiniMax's revenue for the first six months of the year rose to 1.2 billion yuan ($170 million). The company's growth is part of a broader trend in China's tech sector, where startups are racing to develop and deploy AI technologies at scale.
Sources
- Salesforce raises annual revenue forecasts on AI product momentum
- Salesforce raises annual revenue forecasts on AI product momentum
- Salesforce 2Q Profit, Revenue Rise on Demand for AI, Data Products -- Update
- Veeva shares climb 8.2%, market value up $3.3 billion after AI-driven sales boost forecast
- German broker Scalable opens investment platform to major AI chatbots
- A major German bank just let Claude and ChatGPT trade for customers. In one test, Claude beat human traders 76% of the time—but there’s a catch
- China's MiniMax sees revenue nearly quadruple in first half as AI demand surges
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