Salesforce (NYSE:CRM) shares closed 22.58% higher on Thursday, August 27, marking their strongest one-day performance since 2020 following the release of the company’s quarterly results the previous evening.

The stock finished the session at $252.05, bringing it closer to its January high of $267.83.

Revenue rises nearly 11%

For its fiscal second quarter of 2027, Salesforce reported revenue of $11.345 billion, representing year-over-year growth of 10.83%.

Adjusted earnings per share came in at $5.90, exceeding consensus expectations, according to the source material.

Salesforce also raised its annual guidance and projected quarterly revenue of $11.5 billion.

Agentforce revenue triples

Revenue generated by Salesforce’s Agentforce artificial intelligence platform reportedly tripled during the quarter.

The performance comes amid investor scrutiny over how generative artificial intelligence could affect established software companies and their existing business models.

Salesforce’s results provide additional data on the company’s performance as it develops its own artificial intelligence products, although the longer-term impact of generative AI on the software sector remains uncertain.

CrowdStrike and Okta also advance after results

Salesforce was not the only software company to record a substantial share-price increase following quarterly results on Thursday.

CrowdStrike (NASDAQ:CRWD) shares gained 20.50% following its own quarterly report, while Okta (NASDAQ:OKTA) advanced 28.63% after releasing its results.

The moves followed separate company earnings announcements and occurred against the broader backdrop of investor attention on the impact of artificial intelligence across the software industry.

Salesforce stock price

Crowdstrike stock price

Okta stock price