Salesforce surpasses earnings expectations; Amy Weaver, president and CFO, to resign.

• Robust fiscal second-quarter results from Salesforce exceeded estimates and improved its full-year profit forecast.
• The company announced that president and CFO Amy Weaver is stepping down. She will remain at the company until a successor is appointed and will stay on as an advisor.

On Wednesday, shares of the business software maker rose about 1.5% in extended trading after reporting robust fiscal second-quarter results that exceeded expectations and raised its full-year profit forecast.

The company announced that president and CFO Amy Weaver will step down. She will remain as the CFO until a successor is appointed and, after that, will stay on as an advisor.

Here's how the company did in comparison with LSEG consensus:

• Earnings per share: $2.56 adjusted vs. $2.36 expected
• Revenue: $9.33 billion vs. $9.23 billion expected

During the quarter that ended on July 31, the company's revenue grew 8% year over year, while net income increased to $1.43 billion, or $1.47 per share, from $1.27 billion, or $1.28 per share, in the same quarter the previous year.

Salesforce forecasted adjusted fiscal third-quarter earnings of $2.42 to $2.44 per share on $9.31 billion to $9.36 billion in revenue. Analysts surveyed by LSEG predicted $2.43 in earnings per share on $9.41 billion in revenue.

In adjusted fiscal 2025, management expects earnings per share to range from $10.03 to $10.11, with revenue of $37.7 billion to $38 billion. Last quarter's forecast was for earnings per share of $9.86 to $9.94 and revenue of $37.7 billion to $38.0 billion. The LSEG consensus predicts adjusted earnings per share of $9.89 and revenue of $37.84 billion.

In the fall, Salesforce announced that it would begin testing an Einstein Copilot for Merchants that can create product pages and promotions with minimal human input during the quarter.

This month, activist investors Starboard and ValueAct revealed increases in their Salesforce holdings. They purchased shares before the company announced an earlier-than-expected widening of its adjusted operating margin last year.

Despite a 2% decline in Salesforce shares in 2024, the S&P 500 index has experienced a 17% increase.

Analysts will receive a conference call from executives to discuss the results starting at 5 p.m. PT.

Marc Benioff, Salesforce CEO, believes that access to data is crucial for the development of exceptional AI.

Correction: Updated to reflect correct full-year revenue guidance.