Salesforce's stock price soared 12% after market close on Wednesday, following the cloud software provider's announcement of earnings and guidance that surpassed Wall Street expectations. Its adjusted earnings per share reached $5.90, with revenue of $11.35 billion, slightly exceeding the expected $11.32 billion. According to the announcement, Salesforce's revenue for the second fiscal quarter (ending July 31) increased by 11% year-over-year, with net profit reaching $3.53 billion (or $4.29 per share), a significant increase of 87% from $1.89 billion (or $1.96 per share) in the same period last year.
