Salesforce Q2 FY27 Revenue Hits $11.345B With 14% cRPO Growth
Salesforce posted Q2 FY27 results showing 11% revenue growth, 14% cRPO increase to $33.5B, and raised FY27 guidance to $46.1B-$46.4B.
Salesforce reported Q2 FY27 results on August 26. Revenue reached $11.345B, up 11% year over year. Current remaining performance obligation rose to $33.5B, up 14% year over year and in constant currency. Non-GAAP EPS came in at $5.90, up 103%. The company raised FY27 revenue guidance to $46.1B-$46.4B.
cRPO Trajectory and Forward Book
cRPO growth reached 14% in Q2 FY27 after 10% in Q2 FY26 and 13% in Q1 FY27. The Q3 FY27 guide stands at approximately 14% and excludes any contribution from pending Contentful and Fin acquisitions. Contracted-but-unrecognized revenue grew three points faster than recognized revenue. Noncurrent RPO grew 7.5% to $32.8B while total RPO rose 10.7% to $66.3B. All acceleration occurred inside the next twelve months. Management stated contract length improved across segments.
Organic Growth After Informatica
Reported revenue growth was 11%. Informatica contributed $456M. Excluding that amount, organic revenue grew 6.4%. Subscription and support revenue growth fell from 12% to about 7% after the adjustment. Agentforce Apps and Data/Platform/Other segment growth reached 5.7% organically once Informatica subscription revenue was removed. The Data 360 and Headless line was fueled by Informatica and Data 360, partially offset by license revenue headwinds and volatility in integration and analytics. Marketing showed early signs of recovery. Slack recorded its best net new AOV quarter since acquisition.
EPS Composition and Capital Actions
Non-GAAP net income excluding investment gains declined 1% to $2,767M from $2,795M a year earlier. Operating income was flat at $2,331M versus $2,332M on 11% higher revenue. Gains on strategic investments totaled $2,613M and added $2.53 to non-GAAP EPS. The share count fell 14.7% to 821M after a $25B accelerated share repurchase funded with $24.8B of new debt. Interest expense rose from $67M to $473M. Noncurrent debt increased from $10.4B to $39.3B. Stockholders equity fell from $59.1B to $38.4B. The strategic investment portfolio grew from $7.6B to $11.3B in six months. Benioff attributed half the value to the Anthropic stake.
according to SaaStr. The results follow Benioff declaring the SaaSpocalypse over on the earnings call. according to SaaStr.
