Salesforce's Strong Earnings and Optimistic Forecast Drive Stock Surge

Salesforce shares surged 6% in after-hours trading after the company reported better-than-expected earnings and revenue for the fiscal second quarter. The cloud software company's revenue increased by 11% from the previous year, with net income rising significantly. Salesforce also raised its full-year forecast, expecting 11% revenue growth. The company highlighted its focus on artificial intelligence and announced AI enhancements to its Sales Cloud and Service Cloud applications, as well as the launch of an AI Cloud for marketing and data analysis. Salesforce shares have risen 62% this year.