Salesforce (CRM) Stock Rises Over 20% on Strong Earnings Report

Salesforce (CRM) shares surged over 20% following a strong second-quarter earnings report, beating expectations with revenue of $11.35 billion compared to estimates of $11.32 billion. The company reported adjusted earnings per share (EPS) of $5.90, significantly exceeding the expected $3.27. Net income rose 87% year-over-year to $3.53 billion, or $4.29 per share. The stock is on track for its second-best trading day ever, which could uplift investor sentiment in the software sector, benefiting related companies like Adobe and Palantir as well.