Salesforce, Inc.

Strong quarter + re-acceleration narrative (good; beats expectations) - Management called Q2 “one of the best quarters ever” with record revenue and EPS and record free cash flow of ~$1.1B (+81% YoY). - CRPO accelerated ~+14% (supporting re-acceleration). - Operational momentum: net new AOV growth strongest in 4 years; bookings “exceptional”; near-record-low attrition.

AI/Agentforce driving growth across the platform (good; measurable traction) - Agentforce ARR reached ~$1.5B and management said AI & data ARR is about to cross ~$4B. - Accounts with agents in production grew ~70% QoQ. - Agentic usage surged ~6x via Model Context Protocol calls and Claude calls (investor takeaway: engagement/usage metrics suggest AI is not just “seats sold,” but actually being used). - Key customer wins/expansions highlighted: Deutsche Telekom, FIFA, NTT Data, Cisco, plus multi-billion $ expansion with the U.S. Army (expecting up to ~55M Agentforce conversations/month).

Outlook: raised FY2027 revenue guidance (good; explicit forecast change) - Management stated they are raising FY2027 revenue guidance by ~$300M in constant currency (weeks ahead; tied to ongoing momentum + strategic acquisitions). - They framed expectations around continued “AI unlocking value” across the enterprise stack (data layer → apps → semantics → agents → interface).